5220 Troost AveKansas City, MO 64110

For Sale
$8,500,000

110-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 110-unit apartment building, located at 5220 Troost Ave in Kansas City, Missouri, presents a compelling investment opportunity. Boasting 27,117 square feet across 2.17 acres, this Class B property offers significant potential. Built in 1961 and extensively renovated in 2019, the building benefits from recent upgrades, minimizing future capital expenditures and maximizing marketability. Its strategic location is equidistant from Rockhurst University and UMKC, ensuring a consistent tenant pool. The property enjoys proximity to key attractions such as The Plaza and Downtown Kansas City, providing residents with access to premium amenities. Furthermore, its location benefits from the planned expansion of the KC Streetcar, offering a future-proof advantage. The unique blend of historical charm and modern amenities makes this property highly attractive to renters. The asking price for this prime multifamily investment is $8,500,000. This opportunity allows investors to capitalize on the thriving Kansas City market, combining the area's historic character with modern conveniences. The property's strong tenant base and recent renovations make it an ideal addition to any portfolio. Don't miss this chance to acquire a well-maintained, high-performing asset in a rapidly developing area of Kansas City. The zip code is 64110.

Highlights

  • Prime location equidistant from Rockhurst University and UMKC, ensuring a strong tenant base.
  • Minutes from The Plaza and Downtown Kansas City, offering residents convenient access to premier amenities.
  • Benefits from the planned KC Streetcar expansion, providing a future-proof investment.
  • Blends historical charm with modern amenities, creating high renter demand.
  • Extensively renovated in 2019, minimizing future capital expenditures and maximizing marketability.

Property Details for 5220 Troost Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
27,117 SF
Class
B
Year Built/Renovated
1961/2019
Lot Size (sq. ft)
94,525 SF
Units
110

Location Insight

City
Kansas City
County
Jackson
State
Missouri
Latitude
39.0313729
Longitude
-94.5740846
5220 Troost Ave, Kansas City, Missouri

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5220 Troost Ave
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