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Two Multifamily Properties for Sale 2 Multifamily Properties Offered at $3,058,222 CAD in Kansas City, MO
INVESTMENT HIGHLIGHTS
- Two well-maintained brick buildings in a revitalizing neighborhood
- Recent capital improvements: TPO roofs, updated systems, vinyl windows
- Value-add potential through rent growth and parking expansion
- 24 large one-bedroom units with extra office/den space
- Fully occupied with stable voucher-backed income
EXECUTIVE SUMMARY
Discover a rare opportunity to acquire two fully stabilized multifamily assets in Kansas City’s revitalizing Northeast neighborhood. The Carolina and The Dakota on Lawn comprise 24 spacious one-bedroom units, each featuring an additional office or den for flexible living. These classic brick buildings blend historic charm with modern upgrades, including newer windows, updated electrical and plumbing systems, and TPO roofs installed in 2021.
Currently 100% occupied under a veteran voucher program, the portfolio delivers consistent cash flow and operational stability. Tenants enjoy central heating and cooling, individual gas water heaters, and sub-metered utilities for gas and electric, while water and trash remain landlord-paid. With average rents below market, investors can unlock upside through cosmetic renovations and utility expense shifts.
Strategically positioned near major Kansas City thoroughfares, this location offers quick access to downtown, employment hubs, and cultural attractions. The surrounding area continues to benefit from significant public and private investment, driving long-term appreciation potential. For added value, consider acquiring and paving the adjacent vacant lot to create off-street parking, enhancing tenant convenience and property appeal.
This turnkey investment combines reliable income with clear pathways for growth—ideal for buyers seeking strong returns in a dynamic Midwest market.
Currently 100% occupied under a veteran voucher program, the portfolio delivers consistent cash flow and operational stability. Tenants enjoy central heating and cooling, individual gas water heaters, and sub-metered utilities for gas and electric, while water and trash remain landlord-paid. With average rents below market, investors can unlock upside through cosmetic renovations and utility expense shifts.
Strategically positioned near major Kansas City thoroughfares, this location offers quick access to downtown, employment hubs, and cultural attractions. The surrounding area continues to benefit from significant public and private investment, driving long-term appreciation potential. For added value, consider acquiring and paving the adjacent vacant lot to create off-street parking, enhancing tenant convenience and property appeal.
This turnkey investment combines reliable income with clear pathways for growth—ideal for buyers seeking strong returns in a dynamic Midwest market.
PROPERTY FACTS
| Price | $3,058,222 CAD | Number of Properties | 2 |
| Price / SF | $91.49 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 33,428 SF |
| Status | Active | Total Land Area | 0.51 AC |
| Price | $3,058,222 CAD |
| Price / SF | $91.49 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 33,428 SF |
| Total Land Area | 0.51 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 131 N Lawn Ave, Kansas City, MO 64123 | Multifamily | 23,000 SF | 1910 | - |
| 123 N Lawn Ave, Kansas City, MO 64123 | Multifamily | 10,428 SF | 1910 | - |
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Two Multifamily Properties for Sale
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