Lawndale Portfolio

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.

Why We Love It: Almost all voucher tenants lead to extremely predictable and stable income. Incredible price to rent ratio. Management that specializes in the strategy is already in place.

The Challenge: Units will always be studios and 1 beds with window AC and street parking. Voucher tenants are a profitable niche that require a specialized management team.

The Value-add Play: Continue to operate for operational efficiency. Stay on top of voucher increases to maximize income. One unit is currently being used as an on-site office but could be turned back into a unit or a coin op laundry for additional income