120 W Elizabeth Street, Independence, MO 64050

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$3,750,000
 est. $14,990/mo

Manor Ridge is a 49-unit workforce housing asset across three well-maintained brick buildings comprising three two-bedrooms, 43 one-bedrooms, and thee studios. The property features on-site parking, coin-operated laundry in the basements, and secured entry. Nearly all HVAC systems were replaced in 2018, all new doors were installed in 2023, and the roof, parking lot, and brick exterior remain in excellent condition. Clean, well-kept workforce housing never goes out of style — and Manor Ridge delivers exactly that. All 49 units are 100% market rate, sub-metered for gas and electric. Landlord-paid water/sewer and trash are offset by a $50/month utility fee on new leases. Independence sits within the Kansas City metro, drawing on a demographic that reliably seeks clean, professionally managed workforce housing over homeownership. The property benefits from proximity to major employers, including the VA Medical Center and Centerpoint Medical Center, and the retail draw of Independence Center. With all major capital expenditures complete, and durable demand drivers, Manor Ridge is one to add to your portfolio today!

Directions
Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.7 mi Merge onto I-70 E, go 1.2 mi Take exit 4A for Benton Blvd/Truman Rd, go 0.2 mi Merge onto Benton Blvd, go 85 ft Turn right onto E Truman Rd Parts of this road may be closed at certain times or days , go 5.4 mi Turn left onto S Sterling Ave, go 0.5 mi Turn right onto US-24 E Pass by O'Reilly Auto Parts (on the left), go 1.5 mi Turn left onto N Liberty St, go 0.3 mi Turn right onto W Elizabeth St Destination will be on the left, go 125 ft
Subdivision
Other
City
Independence
County
Jackson
Property Type
Residential Income / Apartment
Listing Updated
Jun 20, 2026 at 12:06pm
MLS Number
2626242
Property Tax
$10,954
Zoning
$MF
Home Owners Association
No
Disclaimer
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