About this property

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.

Features and Additional Information