Welcome to Olathe 10 Apartments in Johnston County, KS. This apartment offers a desirable mix of four 2-bed/1-bath and six 1-bed/1-bath units. A complete renovation in the last year included new siding, windows, roof, parking lot, and landscaping. All units are renovated to a luxury standard with stainless steel appliances, granite countertops, LVP flooring, and in-unit laundry. Situated near Downtown Olathe in the Olathe School District, residents enjoy proximity to restaurants and parks plus can easily commute to anywhere in the Kansas City Metro. The new owner will enjoy no capital expenses for years to come within this growing area of Johnson County.
Why we love it: All Capital Expenses are completed in a growing area of Johnston County. The Olathe school district is in demand, and it’s very hard to argue with a background rate of appreciation of 7.9%!
The challenge: More of turnkey play, no problems left to solve!
The Value Add Play: There is a vacant portion of the lot where the new owner could consider additional development on the lot with city approval. Room to push rents and juice cash flow with short or medium-term furnished rental units