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Plaza Hill Manor Apartments 3712 E 47th Ter 162 Unit Apartment Building $9,250,000 ($57,099/Unit) Kansas City, MO 64130
Investment Highlights
- 162 units with 93% one-bedroom mix averaging 490 SF
- Assumable ~$4.8M loan at 3.7% interest, maturing 2030
- Walkable location near transit, grocery, healthcare, parks, and major redevelopment
- In-place rents ~$660–$700 with ~$250/unit monthly upside supported by comps
- Long-term ownership with strong maintenance history and stable operations
Executive Summary
Plaza Hill Manor presents a rare opportunity to acquire a stabilized 162-unit workforce housing community in Kansas City’s Oak Park Southeast neighborhood with
attractive assumable financing in place. The property carries approximately $4.8 million of existing debt at a 3.7% interest rate, fixed through 2030, providing a
significant cost-of-capital advantage in today’s lending environment. Long-term ownership has maintained consistent occupancy and operations, while rents remain
materially below market benchmarks. With meaningful rent upside and direct exposure to ongoing corridor redevelopment, the asset offers both immediate yield support and long-term appreciation potential.
attractive assumable financing in place. The property carries approximately $4.8 million of existing debt at a 3.7% interest rate, fixed through 2030, providing a
significant cost-of-capital advantage in today’s lending environment. Long-term ownership has maintained consistent occupancy and operations, while rents remain
materially below market benchmarks. With meaningful rent upside and direct exposure to ongoing corridor redevelopment, the asset offers both immediate yield support and long-term appreciation potential.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $9,250,000 | Building Class | C |
| Price Per Unit | $57,099 | Lot Size | 2.00 AC |
| Sale Type | Investment | Building Size | 162,000 SF |
| No. Units | 162 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1950/2001 |
| Apartment Style | Garden | Parking Ratio | 1.88/1,000 SF |
| Price | $9,250,000 |
| Price Per Unit | $57,099 |
| Sale Type | Investment |
| No. Units | 162 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 162,000 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2001 |
| Parking Ratio | 1.88/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 416 |
| 1+1 | 150 | - | 488 |
| 2+1 | 4 | - | 710 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 31-440-03-01-00-0-00-000 | Improvements Assessment | $317,572 |
| Land Assessment | $27,428 | Total Assessment | $345,000 |
Property Taxes
Parcel Number
31-440-03-01-00-0-00-000
Land Assessment
$27,428
Improvements Assessment
$317,572
Total Assessment
$345,000
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Plaza Hill Manor Apartments | 3712 E 47th Ter
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