2 months on rocket

3943 Troost Ave, Kansas City, MO, 64110

$595,000

Home List Price

$7,066*

Closing Credit

0 Baths
Condo

Location

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3943 Troost Ave, Kansas City$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOn Street
Year Built1912
HeatingForced Air
CoolingGas
BasementYes
MLS #2509584
StatusActive

About 3943 Troost Ave

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 & 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 & 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 & 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!

Property Details

Property Features

Property Information:

  • Year Built: 1912
  • Stories: 3

Listing Office:

  • Office Name: Lutz Sales + Investments
  • Office Phone: (913) 426-5576
  • Listing Agent: Michelle Lutz

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Gas

Other

Directions Information:

  • Directions: Head north on Walnut St toward Truman Rd, go 449 ft Turn right onto Truman Rd, go 423 ft Take the ramp on the left to I-70 E, go 0.2 mi Merge onto I-670 E, go 0.1 mi Take the exit onto US-71 S, go 2.8 mi Take the exit toward 39th St, go 0.2 mi Merge onto Michigan Ave, go 404 ft Turn right onto E 39th St, go 0.5 mi Turn left onto Troost Ave, go 0.1 mi Turn left onto E 40th St Destination will be on the left , go 46 ft

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000

Tax Information:

  • Annual Amount: $7,471
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Kansas City, MO.

Med. List Price

$280.1K

Med. Price/SqFt

$163

Avg. Days On Market

79

# of Sold Homes

592

3943 Troost Ave vs Kansas City

61 DAYS ON ROCKET

-18 Days

$595,000

+$314.8K More

KEY TAKEAWAY

This property is $314.8K more than the Median List Price in Kansas City, MO.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HMLS
  • MLS Number: #2509584

Listing Office:

  • Office Name: Lutz Sales + Investments
  • Office Phone: (913) 426-5576
  • Listing Agent: Michelle Lutz

IDX Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2024, Heartland Multiple Listing Service, Inc.

IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 12:24:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,471$82,440
2019$503$82,440
2018$504$5,531
2017$485$5,531

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-48829
4
/10
  • Faxon Elementary School

  • 1320 E 32nd Ter

  • 0.98 miles

  • Public District Grades KG-6

school-card-donut-48830
4
/10
  • Martin Luther King, Jr. Elementary School

  • 4848 Woodland Ave

  • 1.14 miles

  • Public District Grades KG-6

school-card-donut-48831
5
/10
  • Primary Grades Campus

  • 3435 Broadway Blvd

  • 1.19 miles

  • Public Charter Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,269. The most common annual income of people living in Kansas City, MO is less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3943 Troost Ave

What is the listing price of this property?

The listing price of 3943 Troost Ave property is $595,000.

What type of property is this?

The property 3943 Troost Ave is a condo located in Kansas City, Missouri, 64110.

Is this property for sale now?

Active Listing: 3943 Troost Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,471 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 3943 Troost Ave is 1912.

Rocket Homes›Missouri›Jackson County›Kansas City›64110›3943 Troost Ave

This home is located at 3943 Troost Ave in Kansas City, MO and zip code 64110 in the Midtown neighborhood. This home was built in 1912. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $595,000.

Between September 2024 and October 2024, Kansas City, MO real estate market has seen increase in the number of listings by 12.5%. In October 2024 median list price was $280,101 and the average listing age was 79 days.

From Rocket Homes Real Estate and based on county public records data.

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