128 Park Ln, Saint Joseph, MO 64506
This exceptional investment opportunity presents a 32-unit apartment complex located at 128-148 Park Lane, St. Joseph, Missouri, 64506. The property, built in 1920, comprises six attractive buildings featuring classic red brick veneer, situated on a substantial 21,648 square foot lot. The complex consists of 16 studio and 16 one-bedroom apartments, spread across two stories. A significant renovation project has already been undertaken by the current owner, encompassing major upgrades to the plumbing and electrical systems in most units. All buildings boast new TPO roofing, and some units feature newly installed windows. Each unit benefits from its own electric meter, ensuring tenants are responsible for their electricity costs. Water is handled differently
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Parklane Apartments Apartment Building
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.