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JP2 5220 Troost Ave

110 Unit Apartment Building $11,954,400 CAD ($108,676 CAD/Unit) Kansas City, MO 64110

Investment Highlights

  • Strategic Location: Equidistant from Rockhurst University and UMKC, ensuring a constant tenant pool.
  • Upcoming Transport Links: Future-proof advantage with KC Streetcar extension.
  • Recent Renovations: Significant updates reduce future costs and boost marketability.
  • Proximity to Key Attractions: Minutes from The Plaza and Downtown KC for premium amenities.
  • Historical Charm, Modern Amenities: Unique blend of history and top-notch facilities.
  • Abundant Common Area Spaces, Multiple Lounges & Private Offices, and Easily Divisible by Wing

Executive Summary

Clemons Real Estate is pleased to offer the opportunity to acquire JP2, a 110 bedroom housing community. Strategically located across the street from Rockhurst University and The University of Kansas City, MO (UMKC), this property is in the heart of Kansas City. With its prime location and community housing focus, JP2 presents a compelling investment opportunity with the potential for strong rental demand and value appreciation. In addition, the property offers +25,000 SF of commercial and common area space inclusive of commercial kitchen and dining hall, indoor basketball and fitness gym, multiple lounges and private offices and laundry facilities.
Community Housing
- For Student Housing Investors: This property's proximity to two universities and its original design appeal make it an attractive choice for student housing investors. With a consistent demand from the student population and a turnkey operation ready for immediate use, it presents a lucrative opportunity in the student housing market.
- For Creative Housing Investors: The unique design and customizable living spaces cater to creative housing operators, offering a canvas for innovative living experiences. This property invites endless possibilities for customization, making it an ideal choice for investors looking to create unique and appealing housing options.
- For Non-Profit Investors: Non-profits seeking affordable housing solutions and commercial spaces will find this property a rare opportunity. Its ample indoor and outdoor spaces are ready to be activated for various purposes, making it suitable for non-profit organizations looking for affordable yet functional spaces to run their operations.
- For Affordable Housing Investors: Amidst rising housing costs, this property stands out as an affordable housing option that also fosters a vibrant communal lifestyle. Investors interested in affordable housing initiatives can leverage this property's affordability and community-focused design to create value while meeting the growing demand for affordable housing solutions.

Property Facts

Price $11,954,400 CAD
Price Per Unit $108,676 CAD
Sale Type Investment
No. Units 110
Property Type Multifamily
Property Subtype
Apartment
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 2.18 AC
Building Size 44,907 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1961/2019
Parking Ratio 1.78/1,000 SF

Unit Amenities

  • Dishwasher
  • Storage Space
  • Hardwood Floors
  • High Speed Internet Access
  • Tub/Shower

Site Amenities

  • Fitness Center
  • Laundry Facilities
  • Furnished Units Available
  • Grill
  • Lounge

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 110 - 500 - 1,080
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-810-10-01-01-2-00-000
Land Assessment
$145,292 CAD
Improvements Assessment
$264,166 CAD
Total Assessment
$409,458 CAD

zoning

Zoning Code R1.5 (currently R1.5)
R1.5 (currently R1.5)
  • Listing ID: 31416739

  • Date on Market: 2024-04-04

  • Last Updated:

  • Address: 5220 Troost Ave, Kansas City, MO 64110

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