Opportunity knocks for those unafraid of a project at Troost Apartments! This 8,124 sq ft mixed-use brick building features 4 commercial spaces and 6 residential units, all 2-bedroom layouts with a mix of 1, 1.5, and 2 bathrooms. The commercial units are comprised of two 1,500 Sq Ft corner units & two 500 Sq Ft interior units. Located in the heart of revitalizing Kansas City, this property showcases beautiful architectural features and benefits from redevelopment along the Troost cooridor. The residential units all offer washer/dryer hookups & balconies, but all units will still need updates completed, presenting significant cashflow and equity potential. 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 a property’s full potential!

Why We Love It: True value-add opportunity with a lot of equity to be gained at a low price in an area with investment dollars pouring in.

The Challenge: Property is not currently stabilized. Units will need to be rehabbed & leased up. The roof has no active leaks but nearing the end of life. 

The Value Add Play: Rehab all 6 units, lease-up two commercial spaces, and you’ll be rewarded with significant equity & cash flow.