4203 Park Avenue

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4203 Park Avenue

Kansas City, MO 64130
Asking Price
$7K
Asset Type
Multifamily
Class
Class B

What's Special

4203 Park Avenue is situated in the Blue Hills neighborhood of Kansas City, Missouri. The property is positioned within a residential pocket characterized by a mix of historic bungalows and multi-unit dwellings. Residents have access to local green spaces, including the nearby Seven Oaks Park, and are within two miles of the University of Missouri-Kansas City (UMKC) and the Country Club Plaza. The location is served by the KCATA bus lines along Prospect Avenue and Bruce R. Watkins Drive, providing north-south transit connectivity to the downtown business district and surrounding employment hubs. As a multifamily asset, this location is suited for affordable or workforce housing developments. The typical tenant profile includes students attending nearby universities, healthcare workers from the UMKC Health Sciences District, and service professionals working in the Midtown area. Given the proximity to major transit corridors and educational institutions, the site supports long-term residential use for individuals seeking proximity to Kansas City’s urban core. The property offers potential for investors focused on stabilizing assets within an established neighborhood undergoing incremental residential infill.

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NOI
$80,000
Cap Rate
1142.86%
DSCR
192.50
Strong
Cash-on-Cash
3789.73%
Monthly Payment
$34.632
Annual Cash Flow
$79,584.414

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