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Listed by Brice Bradshaw • Compass Realty Group
$609,000
Est. payment /mo
5,174 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Vogel Homestead
MLS Listing ID 2636918
Year Built 1923
Annual Tax Amount $5,290
Lot Size 5,174 Sqft
Acres 0.1187787
Property Sub-Type Quadruplex
Source hmls
Property Description
4340 Holly is a two-story brick-and-stucco fourplex situated in the highly sought-after West Plaza Historic District of Kansas City, Missouri. Built in 1923, the property has been well maintained, with a recently refreshed exterior featuring new paint and a TPO roof. Tenants are served by four off-street parking spaces at the rear of the building, supplemented by ample on-street parking along Holly, a one-way street. The property comprises four one-bedroom units with mirror-image floor plans averaging 813 square feet. Historically operated within a larger portfolio under third-party management, the asset has maintained strong occupancy and is currently 100% leased at average in-place rents of $1,150. Units feature stainless steel appliances, vinyl windows & wood windows, in-unit washers and dryers, private balconies, hardwood flooring, and generous closet space. Cooling is provided via window units, and the property is individually metered for gas and electric, with common water/hot water costs recovered through a monthly RUBS charge of $25 per unit. The asset offers new owners flexibility to operate as-is or execute a value-add strategy through central air conversion and kitchen/bath renovations. For buyers seeking scale, the four neighboring properties to the south may also be negotiated as part of this sale, offering the opportunity to acquire a contiguous portfolio and capture meaningful operational synergies.
Location
State MO
County Jackson
Zoning R-1.5
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Cent Water Heater, Ind Heat And Air, Separate Meters
Roof Type Synthetic
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Stucco,Stucco & Frame
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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