3943 Troost Avenue

Kansas City, MO 64110

$595,000
Price
—
Beds
8,214 Sq. Ft.
$72 / Sq. Ft.
8,214
Sq. Ft.
$72
per Sq. Ft.

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!
  1. 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

StatusActive
MLS #2509584
Days on Market74
Taxes$8,855 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1912
CountyJackson County

Building Information for 3943 Troost Avenue

Building/Complex3943 Troost AveFloor-Stories3Residences6Pet Policy-Year Built1912Building Size-

Property Information for 3943 Troost Avenue

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: Jackson
  • Directions: Head north on Walnut St toward Truman Rd, go 449 ft Turn right onto Truman Rd, go 423 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.1 mi Take the exit onto US-71 S, go 2.8 mi Take the exit toward 39th St, go 0.2 mi Merge onto Michigan Ave, go 404 ft Turn right onto E 39th St, go 0.5 mi Turn left onto Troost Ave, go 0.1 mi Turn left onto E 40th St Destination will be on the left , go 46 ft
  • Latitude: 39.054494
  • Longitude: -94.571974
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Zip Code: 64110
  • State Or Province: MO
  • Subdivision: Troost Hills
Taxes and HOA Information
  • Association Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: No
  • Tax Special Amount: 0
  • Tax Annual Amount: $8,855.00
  • Parcel Number: 30-130-08-13-00-0-00-000
  • Tax Annual Amount: $8,855.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: On Street
Property
Lot Information
  • Building Area Total: 8214.0
  • Lot Size Area: 3,983.00
  • Lot Size Source: Public Records
  • Lot Size SqFt: 3,983.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick, Concrete
  • Documents Available: Financial Details
  • Documents Count: 4
  • Age Description: 101 Years/More
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: TROOST HILL S 75' OF W 55' OF LOT 109
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Agency
  • Photos Count: 21
  • Year Built: 1912
Utilities
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Package: No
  • Roof: Tar/Gravel
Interior Features
  • Basement YN: Yes
  • Bathrooms Total: 0
  • Unit Type: 2 Bedroom, Other Unit
  • Cooling: Gas
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Gross Income: $120,000.00
  • Maintenance Provided YN: No
  • Operating Expense: $8,855.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 2
Unit 2
  • Unit Type: Unit Half Baths: 1
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 2
Unit 3
  • Unit Type: Baths Total: 1
  • Unit Type: Type: 2 Bedroom
  • Unit Type: Units Total: 2
Unit 4
  • Unit Type: Type: Other Unit
  • Unit Type: Units Total: 4
Rental
Rent Information
  • Current Occupancy Rate: Under 80%
  • Deposit: National Secured Title
  • Existing Lease Terms: Month To Month, One Year Lease

Property History for 3943 Troost Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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3943 Troost Avenue is a multi-family home for sale in Kansas City, MO 64110. This property was listed for sale on September 13, 2024 by Lutz Sales + Investments, it's currently listed at $595,000. It has been on the market for a total of 74 days and was last sold on May 28, 2024. This listing's school district is Kansas City 33 School District. Nearby schools include M. L. King Elementary School, Central Middle School and Central High School. 3943 Troost Avenue is a 0-bed, 0-bath, 8,214 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.