3943 Troost Avenue, Kansas City, MO 64110

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$595,000
 est. $2,972/mo

Opportunity abounds in this classic value add property along the up and coming Troost corridor. The Troost Apartments is a 8,124 sq ft mixed-use brick building features 4 commercial spaces below and 6 residential units above. The multifamily units feature 2-bedroom layouts with a mix of 1, 1.5, and 2 bathrooms all with laundry in unit. The 4 street level commercial units are comprised of two 1,500 Sq Ft corner units & two 500 Sq Ft interior units. Located in the heart of a fast revitalizing Kansas City neighborhood, this property showcases beautiful architectural details and historical charm while having undergone major upgrades to the property. The residential units all offer spacious layouts & balconies, with central heat and AC, in unit laundry and a front and rear entrance. All units will still need some updating and are currently 100% vacant, presenting significant cashflow and equity potential. Two of the commercial units are occupied and leased with tenants who plan on staying long term. Electrical & Gas are separately metered, while water is on a master meter. With coffee shops, hospitals, and restaurants nearby, this is ideal for investors looking to unlock the property's full potential!

Directions
Head north on Walnut St toward Truman Rd, go 449 ft Turn right onto Truman Rd, go 423 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.1 mi Take the exit onto US-71 S, go 2.8 mi Take the exit toward 39th St, go 0.2 mi Merge onto Michigan Ave, go 404 ft Turn right onto E 39th St, go 0.5 mi Turn left onto Troost Ave, go 0.1 mi Turn left onto E 40th St Destination will be on the left , go 46 ft
Subdivision
Troost Hills
City
Kansas City
County
Jackson
Property Type
Residential Income / Apartment
Listing Updated
Sep 19, 2024 at 2:09pm
MLS Number
2509584
Property Tax
$8,855
Zoning
$B3-2
Home Owners Association
No
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