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4515 Virginia Ave 4 Unit Apartment Building $590,000 ($147,500/Unit) 6.30% Cap Rate Kansas City, MO 64110
Executive Summary
Turnkey Multifamily Investment Property just East of The Country Club Plaza. Close to Midtown, Kansas City Art Institute , UMKC , (Two) 2 bedrooms 1 bath apartments upstairs , 2 bedrooms 1 bath with 3rd non- conforming room with large closet, and 1 bedroom 1 bath with 2nd non-conforming room with large closet on the first floor. All 4 units have Granite Countertops, Pantry, Luxury Vinyl Plank Flooring, Tile Baths, Front & Back Porches, Fenced Back Yard. Stove/dishwasher/microwave/ refrigerator & stackable washer/dryers included. Long term solid tenants.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,685
|
$14.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$52,685
|
$14.63
|
| Taxes |
$6,598
|
$1.83
|
| Operating Expenses |
$8,919
|
$2.48
|
| Total Expenses |
$15,517
|
$4.31
|
| Net Operating Income |
$37,168
|
$10.32
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $52,685 |
| Annual Per SF | $14.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $52,685 |
| Annual Per SF | $14.63 |
| Taxes | |
|---|---|
| Annual | $6,598 |
| Annual Per SF | $1.83 |
| Operating Expenses | |
|---|---|
| Annual | $8,919 |
| Annual Per SF | $2.48 |
| Total Expenses | |
|---|---|
| Annual | $15,517 |
| Annual Per SF | $4.31 |
| Net Operating Income | |
|---|---|
| Annual | $37,168 |
| Annual Per SF | $10.32 |
Property Facts
| Price | $590,000 | Apartment Style | Low-Rise |
| Price Per Unit | $147,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6.30% | Building Size | 3,742 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2017 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Multi-Family Residential | ||
| Price | $590,000 |
| Price Per Unit | $147,500 |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,742 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2017 |
| Opportunity Zone |
Yes |
| Zoning | Multi-Family Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Wi-Fi
- Basement
- Deck
- Dining Room
- Double Pane Windows
- Framed Mirrors
- Lawn
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,205 | 874 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 30-620-18-06-00-0-00-000 | Total Assessment | $78,660 |
| Land Assessment | $3,754 | Annual Taxes | $6,598 ($1.76/SF) |
| Improvements Assessment | $74,906 | Tax Year | 2025 |
Property Taxes
Parcel Number
30-620-18-06-00-0-00-000
Land Assessment
$3,754
Improvements Assessment
$74,906
Total Assessment
$78,660
Annual Taxes
$6,598 ($1.76/SF)
Tax Year
2025
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4515 Virginia Ave
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