123-133 N Lawn Ave - Apartments FOR SALE


Kansas City, MO 64123- North India Mound
$1,115,000 USD
913-426-5576
123-133 N Lawn Ave, Kansas City, MO for Sale
$1,115,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

123-133 N Lawn Ave
Kansas City, MO 64123
North India Mound


HIGHLIGHTS

  • Twelve Large 1 Bed/1 Bath Units with Extra Office/Den
  • Newer Windows, Electrical Service, Plumbing, and TPO Roof
  • 100% Occupied
  • Stable Income with Voucher Tenants
  • Secured Entry
  • Charming and Durable Brick Building in Revitalizing Neighborhood

OVERVIEW

Explore a stable investment opportunity with Carolina Apartments, a 12-unit property featuring large 1-bed/1-bath units, each with an extra office/den for versatile living. Built with durability in mind, the building offers newer windows, electrical service, plumbing, and a 4-year-old TPO roof. All units are fully occupied by veterans through a voucher program, ensuring reliable income. Every unit has central heat and air and it's own gas water heater. Finishes are older but functional, offering room for future cosmetic enhancements. Tenants pay gas and electric with separate meters, while the landlord pays water and trash. Strategically located in a dynamic Kansas City submarket, this property provides easy access to the entire Kansas City Metro. Carolina Apartments delivers immediate cash flow and value-add potential through future updates as the neighborhood changes, ideal for investors seeking reliable returns in a growing area.

FOR SALE DETAILS

PRICE

$1,115,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

12

PRICE/UNIT

$92,917

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Carolina Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,667 SF

ZONING

-

APN/PARCEL ID

13-820-21-06-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.