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Patriot Place Apartments 709 W Truman Rd 17 Unit Apartment Building $1,833,462 CAD ($107,851 CAD/Unit) Independence, MO 64050
Investment Highlights
- Historic Building Completely Rebuilt in 2005
- Private Balconies
- Spacious Units Featuring Updated Finishes and Modern Appliances
- All Electric Building with Full Modern Fire Suppression Systems
- On-site Parking Lot and Secured Building Entry
Executive Summary
Located in the heart of Independence, Missouri, Patriot Place is an incredible opportunity to purchase a 17-unit multifamily asset with 2005 construction. A registered historic building, Patriot Place was completely rebuilt in 2005 after a fire, with the insurance carrier investing $1.4 million to bring it to modern standards—including a full fire sprinkler system. The result is 2005 construction interiors with a brick facade. Full sprinkler system and all electric building keeps insurance costs low and the interiors of the buildings have modern construction finishes.
The well-maintained property offers 12 one-bedroom/1-bath units with private balconies, three large studio units and two studio units. Each unit features spacious layouts, updated finishes, modern appliances, and large windows. Resident amenities include on-site coin laundry (landlord owned), a dedicated parking lot, and secured entry.
With quick access to Truman Road and proximity to shopping, dining, and transportation, this meticulously maintained asset combines modern reliability, historic appeal, and excellent location—making it an ideal cash-flowing investment in Independence’s growing rental market.
The well-maintained property offers 12 one-bedroom/1-bath units with private balconies, three large studio units and two studio units. Each unit features spacious layouts, updated finishes, modern appliances, and large windows. Resident amenities include on-site coin laundry (landlord owned), a dedicated parking lot, and secured entry.
With quick access to Truman Road and proximity to shopping, dining, and transportation, this meticulously maintained asset combines modern reliability, historic appeal, and excellent location—making it an ideal cash-flowing investment in Independence’s growing rental market.
Property Facts
| Price | $1,833,462 CAD | Lot Size | 0.25 AC |
| Price Per Unit | $107,851 CAD | Building Size | 9,450 SF |
| Sale Type | Investment | Average Occupancy | 82% |
| No. Units | 17 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.49/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R-30 | ||
| Price | $1,833,462 CAD |
| Price Per Unit | $107,851 CAD |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,450 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2024 |
| Parking Ratio | 3.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 330 |
| 1+1 | 12 | - | 650 |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Numbers | Improvements Assessment | $168,723 CAD | |
| Land Assessment | $17,472 CAD | Total Assessment | $186,196 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$17,472 CAD
Improvements Assessment
$168,723 CAD
Total Assessment
$186,196 CAD
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Patriot Place Apartments | 709 W Truman Rd
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