5029-5035 Troost ave 12 Unit Apartment Building $935,000 ($77,917/Unit) Kansas City, MO 64110

Located directly across from University of Missouri Kansas City and just minutes from Rockhurst University, 5029–5035 Troost presents a rare opportunity to acquire a strategically positioned multifamily asset in one of Kansas City’s most active and evolving rental corridors. Two six unit buildings totaling 12 units are surrounded by a large and consistent student, faculty, and workforce population. The property benefits from strong long-term rental demand driven by its proximity to major educational institutions and employment centers. While the asset requires significant interior and exterior improvements, the property offers substantial value-add potential through renovations, operational improvements, and future rent growth. This offering provides investors the opportunity to reposition a well-located asset and capitalize on the continued momentum and redevelopment occurring throughout Kansas City.
The property presents a significant opportunity to increase revenue through strategic interior and exterior upgrades. Current rents average approximately $672 per month, well below comparable renovated properties in the immediate area. By implementing modern interior finishes, improving curb appeal, and enhancing resident amenities, ownership can position the asset to achieve market-leading rents while creating a more competitive product near UMKC.
Current Avg Rent: $672/mo
Post Reno Rent Potential: $1,200+/mo