Glenview Apartments

The Glenview 19-unit Apartments offers an excellent unit mix of 95% 2-bedroom or larger units in the highly sought-after Overland Park submarket. The property is consistently at 100% occupied with strong tenant demand. The property features 16 large 2-bedroom/2-bath units (~1,100 sq ft each), one 3-bedroom/2-bath, one 2-bedroom/1-bath, and one 1 bedroom unit—all with private balconies around a low-maintenance central courtyard. 14/19 units include in-unit laundry hookups, with coin-operated laundry in one building for anyone without their own Washer/Dryer. Assigned covered parking for tenant convenience.

The roofs are EPDM with a 50-year lifespan, installed in 2018. Recent upgrades include all-new plumbing, including new stacks, and 100% of the units cosmetically updated in 2022-2023. The building was recently wired for Google Fiber, so it is available for tenants in all units (tenants still pay for the Google Fiber service). Multifamily in Overland Park rarely comes up for sale; do not miss the chance to add this turnkey property to your portfolio!

Why We Love It: Prime Overland Park location, strong tenant demand, private balconies, covered parking, and large 2-bedroom 2-bathroom units. New plumbing throughout buildings including the stacks which is a common source of maintenance in this vintage of properties if plumbing stacks are original.

The Challenge: Overland Park has high tenant demand and high prices. A-class locations do not come cheap! Not a huge value-add play – more of a turnkey property to manage for operational efficiency, in a great submarket.

The Value-Add Play: Consider adding medium-term furnished rentals for increased cash-flow, and consider adding Washer/Dryer in the building that does not have in-unit Washer/Dryer. The unit size is large enough that you could consider converting a portion of the living room into a third bedroom.