219 Grover St - Apartments FOR SALE


Warrensburg, MO 64093
$2,590,000 USD
913-426-5576
219 Grover St, Warrensburg, MO for Sale
$2,590,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

219 Grover St
Warrensburg, MO 64093


HIGHLIGHTS

  • Two-story Units with In-unit Washer/Dryer and Private Patios
  • New Steel Roofs (2019)
  • Large On-site Parking Lot
  • Located Directly Along Warrensburg’s Rethink Maguire Project – Major Capital Infusion by the City

OVERVIEW

Discover a rare opportunity to own 22 updated two-story townhomes located at 215-219 Grover in Warrensburg. Each unit offers spacious layouts with 2–3 bedrooms, 1.5 baths, large living rooms, in-unit washer/dryers, and private patios for outdoor entertaining. Dedicated parking is conveniently located directly in front of each unit. The property has been well-maintained with significant improvements, including new roofs in 2019. A unique feature is the large drive-in basement beneath one building—an ideal future value-add opportunity for tenant storage, a shared amenity space, or even a rentable commercial unit. The tenant base is well-diversified: approximately one-third military (Whiteman Air Force Base), one-third university students (just around the corner from the University of Central Missouri), and one-third local workforce housing. Strong professional property management is already in place and willing to continue, ensuring a smooth transition for either local or out-of-state ownership. Strategically positioned in Warrensburg, a proven tertiary market to Kansas City, this property combines steady rental demand, proximity to major employment and education hubs, and long-term upside potential—making it an ideal turnkey investment. Situated along Warrensburg’s $21.8M Rethink Maguire Project, a major infusion by the city to increase pedestrian and bike traffic and beautify the area. With its ample parking and sub-metered utilities, Grover Street Townhomes delivers immediate cash flow and significant upside potential. A rare find in a growing, vibrant market.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

22

PRICE/UNIT

$117,727

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grover Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,096 SF

ZONING

-

APN/PARCEL ID

12602403024000100,12602403024000300,12602403024000500

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.