A Great Investment Opportunity in Olathe, KS
Property Details
A classic single-family house featuring 2 bedrooms, 1 bathroom, and 872 sqft of living space on a 7,712 sqft lot with a 2-car driveway.
• Roof: Old
• Furnace: Fair
• AC: Fair
• Plumbing: Fair
• Electrical Panel: Fair
• Water Heater: Old
The property will be delivered vacant at closing.
Investment Highlights
• Solid ranch-style home on slab with good foundation and structural integrity intact
• Located in Olathe, one of the fastest-growing cities in the Kansas City metro area
• A-rated Olathe school district driving strong rental demand and buyer appeal
• Clear rehab scope with $25k budget including interior paint, LVP flooring, kitchen refresh, roof replacement, water heater replacement, and HVAC service
• Strong market performance with 65% sales success rate and average of 21 interested buyers per deal in this zipcode
• Recent comparable sold for $252k after only 2 days on market, with as-is comp selling for $180k in 14 days
• Market appreciation of +2.9% year-over-year with average 31.5 days on market
• No flood risk and located in desirable Johnson County
• Estimated rental potential of $1,500 per month once renovated
• Projected investor ROI of 13.57% with $33k profit potential
Financial Summary
• ARV (After Repair Value): $245,000 - $255,000
A Wonderful Wholesale Opportunity!