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4244 Terrace 4 Unit Apartment Building $550,000 ($137,500/Unit) 5.68% Cap Rate Kansas City, MO 64111
EXECUTIVE SUMMARY
The 4244 Terrace Apartments is a boutique multifamily property located at 4244 Terrace Street in Kansas City, Missouri. Situated in a quiet neighborhood just northwest of the Country Club Plaza, the property benefits from close proximity to The Plaza, Westport, Crown Center, and key Midtown Kansas City amenities. The property features beautifully remodeled apartments that blend modern finishes with a community oriented residential environment. The asset offers residents convenient access to dining, shopping, entertainment, and employment centers while maintaining a serene, residential feel. Recent interior updates and modern amenities position the property as a turnkey investment with strong appeal to Midtown investors. and owner occupiers searching for efficient management, walkability, strong surrounding employers, and off-street parking.
PROPERTY FACTS
| Price | $550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.68% | Building Size | 4,000 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $550,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 5.68% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 4,000 SF |
| No. Stories | 2 |
| Year Built | 1910 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
SITE AMENITIES
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 700 - 750 |
| 3+2 | 1 | - | 950 - 1,000 |
1 1
Walk Score®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 30-330-23-18-00-0-00-000 | Improvements Assessment | $54,652 |
| Land Assessment | $6,156 | Total Assessment | $60,808 |
PROPERTY TAXES
Parcel Number
30-330-23-18-00-0-00-000
Land Assessment
$6,156
Improvements Assessment
$54,652
Total Assessment
$60,808
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4244 Terrace
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