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Trolley Park Lofts 412 W 8th St 55 Unit Apartment Building $11,819,930 CAD ($214,908 CAD/Unit) Kansas City, MO 64105
Investment Highlights
- Since current Owner’s acquisition in 2024; approximately $200k for replacement of entire elevator hydraulic system and $80K for installation of new HV
- Adaptive reuse, originally built 1907, converted to multifamily in 1980. Fully renovated 2014 including updated unit interiors and amenities.
- Ground Floor Commercial Space currently leased to a single tenant, the Kansas City Metropolitan Crime Commission, through November 2030.
Executive Summary
Berkadia is pleased to present the exclusive opportunity to acquire Trolley Park Lofts, a coveted multifamily loft asset located in Downtown Kansas City, MO – just minutes from the T-Mobile Center, Power & Light District and a host of major local employers.
Fully renovated in 2019, Trolley Park Lofts offers 55 units, comprised of 29 one-bedroom units and 26 two-bedroom residences, with an average size of 907 square feet. Residents enjoy walkability to neighborhood amenities, in addition to spacious floor plans, high ceilings and a comprehensive amenity package including a fitness center, clubhouse, outdoor common areas, controlled access system, bicycle storage, lobby area and resident storage space. The property also features approximately 6,800 square feet of ground floor commercial office space that is currently leased to a single tenant through November 2030.
With in-place rents below those of many competing properties, there is significant potential to increase revenue through a strategic value-add program.
Contact us today to discuss this unique investment opportunity in further detail and to arrange a property tour.
Fully renovated in 2019, Trolley Park Lofts offers 55 units, comprised of 29 one-bedroom units and 26 two-bedroom residences, with an average size of 907 square feet. Residents enjoy walkability to neighborhood amenities, in addition to spacious floor plans, high ceilings and a comprehensive amenity package including a fitness center, clubhouse, outdoor common areas, controlled access system, bicycle storage, lobby area and resident storage space. The property also features approximately 6,800 square feet of ground floor commercial office space that is currently leased to a single tenant through November 2030.
With in-place rents below those of many competing properties, there is significant potential to increase revenue through a strategic value-add program.
Contact us today to discuss this unique investment opportunity in further detail and to arrange a property tour.
Property Facts
| Price | $11,819,930 CAD | Building Class | B |
| Price Per Unit | $214,908 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 54,750 SF |
| No. Units | 55 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 7 |
| Property Subtype | Apartment | Year Built/Renovated | 1907/2014 |
| Apartment Style | Mid-Rise |
| Price | $11,819,930 CAD |
| Price Per Unit | $214,908 CAD |
| Sale Type | Investment |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 54,750 SF |
| Average Occupancy | 89% |
| No. Stories | 7 |
| Year Built/Renovated | 1907/2014 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer Hookup
- Stainless Steel Appliances
- Tub/Shower
- Double Pane Windows
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Storage Space
- Bicycle Storage
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $1,537 CAD | 784 |
| 1+2 | 12 | $1,701 CAD | 882 |
| 2+2 | 26 | $1,894 CAD | 999 |
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Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 29-310-19-08-00-0-00-000 | Improvements Assessment | $2,284,491 CAD |
| Land Assessment | $130,300 CAD | Total Assessment | $2,414,791 CAD |
Property Taxes
Parcel Number
29-310-19-08-00-0-00-000
Land Assessment
$130,300 CAD
Improvements Assessment
$2,284,491 CAD
Total Assessment
$2,414,791 CAD
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Trolley Park Lofts | 412 W 8th St
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