3943 Troost Avenue
$595,000
—
8,214
8,214
$72
Description
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...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!
- Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576
Property Details for 3943 Troost Avenue
Zoning
B3-2
LISTING UPDATED: 11/26/2024 01:26 PM
Property Details for 3943 Troost Avenue
Status | Active |
---|---|
MLS # | 2509584 |
Days on Market | 74 |
Taxes | $8,855 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1912 |
County | Jackson County |
Building Information for 3943 Troost Avenue
Building/Complex3943 Troost AveFloor-Stories3Residences6Pet Policy-Year Built1912Building Size-
Property Information for 3943 Troost Avenue
Property History for 3943 Troost Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3943 Troost Avenue
Taxable ValueLand$3,008Additions$100,206Total$103,214
Tax Record2024$8,855 ($738 / month)
Home Facts
Total Finished SqFt2,738 SqFtAbove Grade Finished SqFt2,738 SqFtStories1Lot Size3,920 SqFtStyleOffice BuildingYear Built1912Year Renovated1990CountyJACKSONAPN30-130-08-13
Schools near 3943 Troost Avenue
This home is within Kansas City 33 School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
M. L. King Elementary School PublicPK to 6 | ||
Central Middle School Public7 to 8 | ||
Central High School Public9 to 12 | ||
Foreign Language Academy PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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