The Pines Ten

With award-winning schools and a central location, the Overland Park submarket always has strong renter demand.  The Pines Ten features 10 units in two buildings with dedicated parking in the rear. Constructed in the mid-1960s, the buildings are comprised of five units each. Renovations include luxury finishes and an in-unit stackable washer and dryer. Non-renovated units have common laundry in each building.

Why We Love It: Dedicated off-street parking, laundry in-unit (renovated) or on-site (unrenovated), great A+ Overland Park location with excellent schools. All major CapEx has been completed. Just cosmetic renovations to go, and those come with a huge proven upside.

Challenges: Overland Park real estate always trades at a premium in the metro. The new owner still needs to rehab units to get them up to market rent.