11425 S Northwood Cir, Olathe, Kansas 66061, USA

A Great Investment Opportunity in Olathe, KS

Property Details

A classic single-family house featuring 4 bedrooms, 3 bathrooms, and 2,354 sqft of finished living space on a 13,458 sqft lot with an attached 2-car garage (462 sqft).

• Roof: Fair

• Furnace: Fair

• AC: Old

• Plumbing: Fair

• Electrical Panel: Fair

• Water Heater: Good

The property will be delivered vacant at closing.

Investment Highlights

• Solid structural bones with good foundation and windows in a 1993-built split-level home

• Located on a quiet and prestigious cul-de-sac in an A-rated Olathe school district

• Larger lot size than comparable properties by 4,000-5,000 sqft offering additional value

• Strong buyer demand with average of 22 interested buyers per blasted deal in this zip code

• Recent market bottom sold for $365k in worse condition - this property is in much better shape

• Modest rehab scope of $25,300 for plumbing repairs, kitchen updates, electrical upgrades, HVAC tune-up, and code corrections

• Fast-moving market with average 30.5 days on market and 2.9% appreciation rate

• 63% sales success rate for blasted deals in this area with average profit of $24,076

• Immediate value-add opportunity with move-in potential for owner-occupants or investors

Financial Summary

• ARV (After Repair Value): $460,000 - $480,000

A Wonderful Wholesale Opportunity!