5029-5035 Troost ave - Multi-Family FOR SALE


Kansas City, MO 64110- Crestwood
$935,000 USD
816-398-1562
5029-5035 Troost ave, Kansas City, MO for Sale
$935,000 USD
Multi-Family - FOR SALE
1/22
null | Request Cap Rate

5029-5035 Troost ave
Kansas City, MO 64110
Crestwood


HIGHLIGHTS

  • Strong Value Add Upside
  • Directly Across from UMKC
  • Excellent Location
  • Strong Rental Demand

OVERVIEW

Located directly across from University of Missouri Kansas City and just minutes from Rockhurst University, 5029–5035 Troost presents a rare opportunity to acquire a strategically positioned multifamily asset in one of Kansas City’s most active and evolving rental corridors. Two six unit buildings totaling 12 units are surrounded by a large and consistent student, faculty, and workforce population. The property benefits from strong long-term rental demand driven by its proximity to major educational institutions and employment centers. While the asset requires significant interior and exterior improvements, the property offers substantial value-add potential through renovations, operational improvements, and future rent growth. This offering provides investors the opportunity to reposition a well-located asset and capitalize on the continued momentum and redevelopment occurring throughout Kansas City. The property presents a significant opportunity to increase revenue through strategic interior and exterior upgrades. Current rents average approximately $672 per month, well below comparable renovated properties in the immediate area. By implementing modern interior finishes, improving curb appeal, and enhancing resident amenities, ownership can position the asset to achieve market-leading rents while creating a more competitive product near UMKC. Current Avg Rent: $672/mo Post Reno Rent Potential: $1,200+/mo

FOR SALE DETAILS

PRICE

$935,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

12

PRICE/UNIT

$77,917

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

R-1.5

APN/PARCEL ID

30-630-20-64-00-0-00-000

ASK ABOUT THIS PROPERTY

Jack McGuireThe Tiehen Group Inc.More Info
816-398-1562

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Jack McGuireThe Tiehen Group Inc.More Info
816-398-1562

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