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1083 N Findley St

6 Unit Apartment Building $2,010,000 ($335,000/Unit) 9.40% Cap Rate Olathe, KS 66061

Investment Highlights

  • Modern Design, stainless appliances, quartz countertops, unfinished basement allowing for expansion or on site storage,
  • Olathe High School middle schools near by

Executive Summary

Brand New Townhouse never occupied, great Cap rate for any investor with the opportunity for an additional 8 plex adjacent to this one if you buy all 14 units at 5 million.
Model in 1093 N Findley st. Come discover these brand new townhouses that offer unbeatable modern amenities, including stainless steel appliances and quartz countertops, complemented by luxurious finishes throughout. Whether you're a family or a business executive, these spacious units cater to everyone's needs. Each townhouse features a full unfinished basement, perfect for storage or a playroom, and includes a one-car garage with keyless entry and a garage door opener. Enjoy the convenience of being just a short walk from Olathe West, Mission Trail, and Forestview elementary schools. Right across the street, you will find a park equipped with walking trails, playground, ballparks, disc golf, and a pond. The Retreat at West Haven is truly the ideal place to call home! Individual units are being sold for $386,000 per unit. Properites are on an iBox for viewing.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,010,000
Price Per Unit $335,000
Sale Type Investment
Cap Rate 9.40%
Sale Conditions Bulk/Portfolio Sale
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.23 AC
Building Size 11,400 SF
No. Stories 2
Year Built 2023
Parking Ratio 0.09/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Storage Space
  • Heating
  • Ceiling Fans
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Oven
  • Stainless Steel Appliances
  • Range
  • Carpet
  • Wi-Fi
  • Basement
  • Double Pane Windows
  • Family Room
  • Island Kitchen
  • Lawn
  • Linen Closet
  • Mud Room
  • Patio

Site Amenities

  • Walking/Biking Trails

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 6 - -

zoning

Zoning Code RP-3
RP-3
  • Listing ID: 33852432

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 1083 N Findley St, Olathe, KS 66061

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