3712 E 47th Ter - Apartments FOR SALE


Kansas City, MO 64130- Oak Park Southeast
$9,250,000 USD
816-774-4250
3712 E 47th Ter, Kansas City, MO for Sale
$9,250,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

3712 E 47th Ter
Kansas City, MO 64130
Oak Park Southeast


HIGHLIGHTS

  • 162 units with 93% one-bedroom mix averaging 490 SF
  • In-place rents ~$660–$700 with ~$250/unit monthly upside supported by comps
  • Assumable ~$4.8M loan at 3.7% interest, maturing 2030
  • Long-term ownership with strong maintenance history and stable operations
  • Walkable location near transit, grocery, healthcare, parks, and major redevelopment

OVERVIEW

Plaza Hill Manor presents a rare opportunity to acquire a stabilized 162-unit workforce housing community in Kansas City’s Oak Park Southeast neighborhood with attractive assumable financing in place. The property carries approximately $4.8 million of existing debt at a 3.7% interest rate, fixed through 2030, providing a significant cost-of-capital advantage in today’s lending environment. Long-term ownership has maintained consistent occupancy and operations, while rents remain materially below market benchmarks. With meaningful rent upside and direct exposure to ongoing corridor redevelopment, the asset offers both immediate yield support and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$9,250,000 USD

PRICE/SF

$57 USD /SF

# OF UNITS

162

PRICE/UNIT

$57,099

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Hill Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

142

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

-

APN/PARCEL ID

31-440-03-01-00-0-00-000

ASK ABOUT THIS PROPERTY

Quinn HahsClemons Real EstateMore Info
816-774-4250

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Quinn HahsClemons Real EstateMore Info
816-774-4250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.