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Mike And Martha Nielsen

mike@mike-nielsen.com +1(913) 775-0345

Listed by Brice Bradshaw • Compass Realty Group

$609,000

Est. payment - /mo

5,174 Sqft Lot

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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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Mike And Martha Nielsen

+1(913) 775-0345

Broker Associate License ID: BR00222013

4340 Holly ST Kansas City, MO 64111

Mike And Martha Nielsen

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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