48-Unit Section 42 Apartment
For Sale
Contact for pricing
Pending
3302 S Sterling Ave, Independence, MO 64052
Section 42 LIHTC apartment community with seven years remaining in the extended compliance period.
Property SizeContact for details
Days on Market144
Property Features for 3302 S Sterling Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Zeal Property Advisors
Listed By:
Austin Paul · License #MO 2013032099
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 1:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zeal Property Advisors
Investment Insights
Based on property information with market context.
Sterling Creek Apartments is a 48-unit apartment community at 3302 S Sterling Ave in Independence, Missouri. The property operates under the Section 42 LIHTC program and is being offered as a fee simple sale. Occupied units have documented annual rent growth of 7%, while vacant units have achieved full market rents.
The community is positioned just off Interstate 70 near Sterling Ave. Seven years remain in the Extended Compliance Period, and continued affordability restrictions apply throughout that period. The property information also identifies potential future tax-credit and compliance-related events, including resyndication with new 4% credits or an application for QCP in 2029.
The community is positioned just off Interstate 70 near Sterling Ave. Seven years remain in the Extended Compliance Period, and continued affordability restrictions apply throughout that period. The property information also identifies potential future tax-credit and compliance-related events, including resyndication with new 4% credits or an application for QCP in 2029.
Key Highlights
- 48‑unit apartment community at 3302 S Sterling Ave, Independence, MO 64052
- Operates under the Section 42 LIHTC program
- 7 years remaining in the Extended Compliance Period
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 64052, MO
22,204
Population
10,570
Households
2.1
Avg Household Size
38
Median Age
15%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,524
Density / Sq Mi
$56,981
Median Household Income
$35,931
Median Earnings
$1,105
Median Rent
$131,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Section 42 LIHTC apartment community with seven years remaining in the extended compliance period.
Where is this apartment building located?
The property is located at 3302 S Sterling Ave Independence, MO.
What are key features of this property?
This property features: 48‑unit apartment community at 3302 S Sterling Ave, Independence, MO 64052; Operates under the Section 42 LIHTC program; 7 years remaining in the Extended Compliance Period
