OFFERS DUE 2/16/2025
This 41-unit multifamily property in the heart of downtown Olathe, Kansas, offers an exceptional investment opportunity in Johnson County’s most desirable submarket. The complex features a balanced mix of 21 two-bedroom units and 20 one-bedroom units, each designed for comfort and functionality. Many units have undergone extensive renovations, including granite or quartz countertops, luxury vinyl plank flooring, updated lighting, and modern finishes that meet today’s tenant expectations. Every unit includes a private patio or deck, central heating and cooling, and dishwashers, enhancing tenant satisfaction and retention.
The property benefits from its prime location within walking distance to shops, restaurants, bars, and employment centers, as well as proximity to newly constructed Class A multifamily developments and a revitalized City Hall. Olathe is one of the fastest-growing suburbs in the Kansas City metro, supported by top-rated schools and strong demographics. Operational upside remains with opportunities to further upgrade select units and optimize efficiencies, while multiple exit strategies—such as selling parcels individually—provide flexibility for investors. With in-place rents and room for growth, this asset combines stability with value-add potential in a thriving market.