House for sale

Overview

There are still more photos to view >

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 and 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 and 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 and 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!