4700 Roanoke Parkway, Kansas City, MO 64112

Property Description

The 4700 is a 26-unit boutique mid-rise apartment community on Kansas Citys Country Club Plaza, the metros most prestigious and supply constrained submarket, where assets are tightly held and rarely trade. Rising seven stories and built 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 SS 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.