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34223262
34223192

4700 Roanoke Parkway, Kansas City, MO 64112 For Sale

JS
MO 2021028059
MMG Real Estate Advisors
TW
MO 000007405, KS 00242471
Mid-Markets Group
CB
KS 00248636
MMG Real Estate Advisors
PG
2023039530
MMG Real Estate Advisors
Listed by MMG Real Estate Advisors, Mid-Markets Group
$5,000,000
15 days on market
Updated 15 days ago

The 4700

Details
APN 30-440-05-01-00-0-00-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 26,650
Units 26
Cap Rate 4.6%
NOI $229,786
Occupancy 92%
Tenancy Multi
Pro-Forma Cap Rate 6.82%
Pro-Forma NOI $341,140
Price per SqFt $188
Class B
Year Built 1950
Year Renovated 2012
Buildings 1
Stories 7
Acreage 0.360
Zoning Not specified
Parking Spaces 40 spaces
Parking per 1,000 SqFt 1.50
Investment Type Value Add

Multifamily | 26 Units | $192,308/unit

Marketing description

As exclusive advisor, MMG Real Estate Advisors is pleased to offer the opportunity to purchase The 4700, a 26-unit boutique mid-rise apartment community on Kansas City's Country Club Plaza, the metro's most prestigious and supply-constrained submarket, where assets are tightly held and rarely trade. Rising seven stories of reinforced concrete and steel, the property offers spacious residences, the majority two-bedroom, two-bath homes averaging more than 1,000 square feet, with stainless appliances, granite countertops, in-unit washers and dryers, and a private patio or balcony in every home, many overlooking the Plaza and its annual holiday light display. Renovated in 2012 and improved again by current ownership, The 4700 offers a clear path to rent premiums of more than $175 per month through light interior upgrades, an uncommon pairing of in-place income and near-term upside at a true Plaza address.

The 4700 arrives at a defining moment for the district. In May 2026, the Kansas City Council unanimously approved Gillon Property Group's master plan for the Plaza, clearing the way for building heights up to 178 feet while preserving its signature Spanish-revival architecture. Public investment has followed, including the completed expansion of the KC Streetcar connecting the area to downtown and the riverfront, and the Royals' planned $2 billion ballpark district at Crown Center, two miles north, is set to reshape the urban core through the early 2030s. The 4700's next owner steps in precisely as the district's long-term trajectory is being reset.

Investment highlights

  • Kansas City's Premier Country Club Plaza Submarket
  • A Rare Opportunity to Own on the Country Club Plaza
  • Spacious, Well-Appointed Residences at a Boutique Scale
  • Clear Rent Upside Through Light Interior Upgrades - rent premiums of more than $175 per month
  • The Plaza Transformation – Acquiring at an Inflection Point
  • Timeless Reinforced Concrete and Steel Frame Construction
  • Two Miles from the Royals' Planned Crown Center Ballpark
  • Offered Free and Clear of Existing Debt

Listing Contacts

JS
MO 2021028059
MMG Real Estate Advisors
TW
MO 000007405, KS 00242471
Mid-Markets Group
CB
KS 00248636
MMG Real Estate Advisors
PG
2023039530
MMG Real Estate Advisors
Listed by MMG Real Estate Advisors, Mid-Markets Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$229,786.00
$19,148.83/mo

Valuation Metrics

0
DSCR
4.6%
Cap Rate
4.6%
ROI

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Additional Information

Name
Jake Sullivan
License
2021028059
Brokerage
MMG Real Estate Advisors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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