Listing Agency: Midwest CRE Advisors, LLC

Listed By: Logan Freeman · License #2017044342

Source: Crexi

Added: Sep 3 Changed: Sep 9 Last Checked: Sep 13 at 6:49AM

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Investment Insights

Based on property information with market context.

This 72-unit multifamily portfolio combines two Missouri communities with recent renovations and varied residential configurations. The Tall Oaks Apartments component includes 52 garden-style units on approximately 5.72 acres, with an all-2BR/2BA mix ranging from 950 to 1,000 SF. Renovation work completed in 2023 covers 32 units, while 20 remain in Classic condition. The property also includes 27 attached garages and off-street parking.

The second asset is a gated 20-unit townhome community in Independence, built in 2001 and renovated in 2024. Its unit mix includes 18 2BR/1.5BA townhomes, one 3BR/2BA unit, and one 2BR/1BA unit. Across both properties, the portfolio totals approximately 71,270 rentable SF on a combined 6.67 acres. The assets are located in the Kansas City metro, with one property in Pleasant Valley near Liberty and the other in Independence.

Key Highlights

• 72‑unit multifamily portfolio across Pleasant Valley and Independence, Missouri
• Tall Oaks component includes 52 units on approximately 5.72 acres
• All‑2BR/2BA apartment mix with floor plans from 950 to 1,000 SF

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

72

Residential units

Location Intelligence

Trade Area within ½ mile

187

Businesses Nearby

Explore this area Business Placement

Demographics for 64068, MO

37,222

Population

14,656

Households

2.5

Avg Household Size

39

Median Age

39%

College-Educated

97%

High-School Grad

84.8 sq mi

ZIP Area

439

Density / Sq Mi

$95,425

Median Household Income

$51,642

Median Earnings

$1,172

Median Rent

$268,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Two Missouri communities combine renovated apartments and townhomes with varied floor plans and off-street parking.

Where is this apartment building located?

The property is located at 7001 North Chas Drive Pleasant Valley, MO.

What are key features of this property?

This property features: 72‑unit multifamily portfolio across Pleasant Valley and Independence, Missouri; Tall Oaks component includes 52 units on approximately 5.72 acres; All‑2BR/2BA apartment mix with floor plans from 950 to 1,000 SF