$885,000
$885,000
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1.7 Acres Lot
SOLD DATE : 06/17/2022
Key Details
Sold Price $885,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2370947
Sold Date 06/17/22
HOA Fees $217/mo
Year Built 1984
Annual Tax Amount $5,293
Lot Size 1.699 Acres
Acres 1.6987603
Property Sub-Type Apartment
Source hmls
Property Description
Look no further, this turn-key 8 plex conveniently located in the heart of Olathe is in a great location and ready to cash flow. Consisting of eight 1-bed/1-Bath units this building is set to have new siding and windows installed in the coming months and will be ready for some major rent rises in the near future. Seven of the eight units have washer/dryer hook-ups inside the unit (none currently have washer/dryer in them). Rents are almost all below market and if washer/dryer added all the rents can be increased significantly. Mechanicals range from 10+ years old to newly replaced: hot water heaters, window AC/Heat (no central HVAC), refrigerator, oven/range and all units have been renovated within the last 8 years. HOA provides lawn care, snow removal & trash service. Roof is approx. 10 years old. Do not hesitate to offer on this one while you can!
Location
State KS
County Johnson
Interior
Heating Heat Pump
Cooling Heat Pump, Window Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Cent Water Heater, Ind Heat And Air, Ind Water Heaters, Multi-Unit Heat/Air, Other
Roof Type Composition
Building
Story 2
Sewer City/Public
Water Public, Private Meter
Structure Type Other
Schools
Elementary Schools Indian Creek
Middle Schools Pioneer Trail
High Schools Olathe East
School District Olathe
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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