Active
3943 Troost Avenue
Kansas City MO, 64110
$595,000
Active
Condos
Built in 1912
Back on the market at no fault of seller, the buyer canceled before doing inspections!
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!
2509584
MLSⓇ ID
September 13, 2024
Listed
November 20, 2024
Updated
Map
3943 Troost Avenue
Kansas City MO, 64110
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Gas
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.09 Acres
Roof
Tar/Gravel
Sewer
City/Public
School Information
School District
Kansas City Mo
Other Property Details
Area Name
202 - Kansas City Area (So. of River)
Garage
No
Parking
On Street
View
No
County
Jackson
Water Source
Public
Pool
No
Zoning
B3-2
Listing History
Date | Event | Price |
|---|---|---|
10/3/2024 | Active | — |
9/23/2024 | Under contract | — |
Courtesy of Lutz Sales + Investments, Michelle Lutz,
Listing Contact: 913-426-5576
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Data last updated: 11/20/2024, 4:49 PM UTC