Welcome to the Lawndale Apartments, a 51-unit multifamily opportunity in Kansas City’s Historic Northeast. This three-building brick property features a balanced mix of 32 one-bedrooms, 13 studios, and 6 compact basement studios. The tenant base is primarily voucher-supported, ensuring consistent monthly income. With classic architectural details, large windows, and solid construction, the asset offers immediate cash flow and clear value-add potential through interior upgrades. Current rents are strong, with spacious one-bedrooms appealing to long-term tenants and studio units—especially the basement layouts—providing affordable options in a tight rental market. Investors can renovate units as they turn to capture additional upside while maintaining high occupancy. Operational improvements offer further room for growth. With scale, a desirable unit mix, and an attractive price-per-door, Lawndale is a rare acquisition in a submarket seeing steady revitalization. Surrounded by local investment and just minutes from downtown, this is a classic Kansas City asset positioned for both stability and long-term appreciation potential.

Source: Greater Heartland Region MLS, MLS#: 2598136