Grover Street Townhomes

Discover a rare opportunity to own 22 updated two-story townhomes located at 215-219 Grover in Warrensburg. Each unit offers spacious layouts with 2–3 bedrooms, 1.5 baths, large living rooms, in-unit washer/dryers, and private patios for outdoor entertaining. Dedicated parking is conveniently located directly in front of each unit.

The property has been well-maintained with significant improvements, including new roofs in 2019. A unique feature is the large drive-in basement beneath one building—an ideal future value-add opportunity for tenant storage, a shared amenity space, or even a rentable commercial unit.

The tenant base is well-diversified: approximately one-third military (Whiteman Air Force Base), one-third university students (just around the corner from the University of Central Missouri), and one-third local workforce housing. Strong professional property management is already in place and willing to continue, ensuring a smooth transition for either local or out-of-state ownership.

Strategically positioned in Warrensburg, a proven tertiary market to Kansas City, this property combines steady rental demand, proximity to major employment and education hubs, and long-term upside potential—making it an ideal turnkey investment.

Situated along Warrensburg’s $21.8M Rethink Maguire Project, a major infusion by the city to increase pedestrian and bike traffic and beautify the area. With its ample parking and sub-metered utilities, Grover Street Townhomes delivers immediate cash flow and significant upside potential. A rare find in a growing, vibrant market.

Why we love it: Spacious two story townhome units have huge renter demand. The nearby Air Force base is always going to provide great tenants and the University is literally across the street. All major cap ex has been completed. This place just feels nice and high end.

The Challenge: Warrensburg has a lot of student housing which might compete for renters but none have the two story layouts of this one. One unit is vacant and needs significant rehab to make rent ready.

The Value-add Play: Raise rents to market rates as leases renew or units turn. Consider adding some furnished short or mid-term rentals.