JP2 5220 Troost Ave
110 Unit Apartment Building $7,500,000 ($68,182/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.
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
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 |
1 of 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 30-810-10-01-01-2-00-000 | Improvements Assessment | $190,000 |
| Land Assessment | $104,500 | Total Assessment | $294,500 |
ZONING
| Zoning Code | R1.5 (currently R1.5) |
