118 Lawn AveKansas City, MO 64123

Property Details for 118 Lawn Ave

Year built

1923

Property size (Sq ft)

46,920 SF

Property type

Apartment buildings

Description

This exceptional 50-unit apartment building presents a compelling value-add investment opportunity in Kansas City, Missouri. Located at 118 N Lawn Ave, in Jackson County, zip code 64123, this property boasts 46,920 square feet situated on a 48,286 square foot lot (APN: 13-820-20-25-00-0-00-000). The property consists of two, three-story buildings constructed in 1923 and extensively renovated in 2024. The building features solid brick construction, newer TPO roofs, and a dedicated parking lot. Currently operating at 53% occupancy, the asking price is $4,390,000, translating to $87,800 per unit. The property is zoned R-2.5, allowing for a variety of potential uses. Ninety-six percent of the units are two-bedroom apartments. Recent upgrades include luxury renovations completed within the last year, featuring new luxury vinyl plank (LVP) flooring, modern kitchen cabinetry, updated fixtures, and tile showers in oversized bathrooms. Central heat and brand-new furnaces are installed throughout. Utilities are submetered for all units except water. This established neighborhood offers convenient access to downtown Kansas City. The property's strong fundamentals and recent improvements make it an attractive investment prospect with significant upside potential. This is a rare opportunity to acquire a well-located, renovated multifamily property in a thriving Kansas City neighborhood.

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Latitude

39.1136

Longitude

-94.5268

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