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4244 Terrace 4 Unit Apartment Building $717,644 CAD ($179,411 CAD/Unit) 5.95% 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 | $717,644 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $179,411 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.95% | Building Size | 4,000 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment |
| Price | $717,644 CAD |
| Price Per Unit | $179,411 CAD |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| 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
Exceptionally walkable
90/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 30-330-23-18-00-0-00-000 | Improvements Assessment | $75,283 CAD |
| Land Assessment | $8,480 CAD | Total Assessment | $83,763 CAD |
Property Taxes
Parcel Number
30-330-23-18-00-0-00-000
Land Assessment
$8,480 CAD
Improvements Assessment
$75,283 CAD
Total Assessment
$83,763 CAD
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4244 Terrace
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