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Listed by Michelle Lutz • Lutz Sales + Investments
$ 2,425,000
Est. payment /mo
Active
5701 Saint John AVE Kansas City, MO 64123
0.71 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Winram Place
MLS Listing ID 2563389
Year Built 1910
Annual Tax Amount $15,375
Lot Size 0.711 Acres
Acres 0.7113866
Property Sub-Type Apartment
Source hmls
Property Description
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.
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.
Location
State MO
County Jackson
Zoning Multi
Interior
Heating Baseboard, Hot Water
Cooling None
Fireplace N
Exterior
Parking Features false
Utilities Available Master Meters
Roof Type Other
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District Kansas City Mo
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.dropbox.com/scl/fo/y12afg4l5n11kb28cciet/AN_KlX_yfW880II29Ln31Ng?rlkey=ga811unu1wut49dao8yzynbjj&st=hoyp9k1h&dl=0
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