4030-4038 Clark Ave - Apartments FOR SALE


Kansas City, MO 64111- Volker
$2,425,000 USD
913-439-9332
4030-4038 Clark Ave, Kansas City, MO for Sale
$2,425,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

4030-4038 Clark Ave
Kansas City, MO 64111
Volker


HIGHLIGHTS

  • 21 unit apartment complex just one block West of SW Trafficway
  • Mix of 19 (1BR x 1BA) and 2 (2BR x 1 BA)
  • 75% of units renovated
  • Unbeatable Midtown location, close to KU Med, Westport and Country Club Plaza
  • Well maintained asset with off-street parking and pool

OVERVIEW

The Westport Plaza Apartments is a 21-unit apartment complex located in Midtown, Kansas City, MO. The property has a highly desirable location, sandwiched between KU Med (0.8 miles away), the Country Club Plaza (1.3 miles away) and the heart of Westport (0.5 miles away). This location leads to a pool of renters who are looking to be in the center of everything that Kansas City has to offer. Ownership has renovated roughly 75% of units since they originally purchased the property back in 2017. HVAC systems have been replaced as needed. The roof received a full reseal back in 2024 (transferable warranty) and the pool has been regularly maintained throughout ownership. Westport Plaza leaves a new owner great potential by renovating the remaining units, pushing rents through more aggressive marketing and leasing efforts, and continue to watch rents climb in one of the most desirable neighborhoods for renters in Kansas City.

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

21

PRICE/UNIT

$115,476

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westport Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

30-340-19-25-00-0-00-000

ASK ABOUT THIS PROPERTY

Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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Nick AmbrosioPeak Real Estate PartnersMore Info
913-439-9332

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