5220 Troost Ave Kansas City, MO 64110
- Apartment buildings
- 27,117 SF
- 2.17 lot acres
Current Use by Public Records
- Xavier Hall / Church
- JP2 Commons / Student Housing Center
Property Details for 5220 Troost Ave
- Year built
- 1961
- Lot size
- 2.17 lot acres
- Property size
- 27,117 SF
- Property type
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Jackson
- State
- Missouri
- Longitude
- -94.5741
- Latitude
- 39.0314
