1025 East Elm Street, Olathe, Kansas 66061, USA

A Great Investment Opportunity in Olathe, KS

Property Details

A classic single-family house featuring 3 bedrooms, 2 bathrooms, and 1,360 sqft of living space on a 9,944 sqft lot with an attached garage (336 sqft).

• Roof: Fair

• Furnace: Fair

• AC: Fair

• Plumbing: Old

• Electrical Panel: Old

• Water Heater: Fair

The property will be delivered vacant at closing.

Investment Highlights

• Strong market performance with 3.25% appreciation rate and average 26.5 days on market

• Located in A-rated Olathe School District in one of the fastest-growing Kansas City metro areas

• High buyer demand with average of 22 interested buyers per deal in this zipcode and 67% sales success rate

• Clear value-add opportunity - cosmetically distressed but structurally viable with straightforward $41,600 renovation scope

• Full unfinished basement (1,120 sqft) provides additional value potential

• Established Fredricksons Third Add subdivision with stable comps ranging $288,500-$310,000

• Strong rental fundamentals with estimated $1,900/month rental income and low vacancy rates

• Flexible exit strategy - numbers support both buy-and-hold rental and fix-and-flip approaches

• Competitive market with Redfin Compete Score of 70/100 and properties selling at list price

• Large nearly 10,000 sqft lot in established residential neighborhood

Financial Summary

• ARV (After Repair Value): $300,000 - $320,000

A Wonderful Wholesale Opportunity!