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    5220 Troost Ave Kansas City, MO 64110

    Sponsored
    For Sale
    $8,500,000

    110-Unit Multifamily Investment

    Property size:
    27,117 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 5220 Troost Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    27,117 SF
    Class
    B
    Lot Size
    94,525 SF

    Building Details

    Year Built/Renovated
    1961/2019
    Units
    110

    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 Profile Location Intelligence

    Current Use by Public Records

    Xavier Hall Church JP2 Commons Student Housing Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kansas City
    County
    Jackson
    State
    Missouri
    Longitude
    -94.5740846
    Latitude
    39.0313729

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    FAQs

    What type of property is this?
    Multifamily property - 110-Unit Multifamily Investment
    Where is this multifamily property located?
    The property is located at 5220 Troost Ave Kansas City, MO.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: 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.
    Request Owner's contact information
    5220 Troost Ave Kansas City, MO 64110
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    Kansas City, MO 64110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5220 Troost Ave Kansas City, MO 64110
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