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8313 Lowell AVE Overland Park, KS 66212
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Key Details
Sold Price $4,625,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2483713
Sold Date 10/02/24
Originating Board hmls
Year Built 1961
Annual Tax Amount $31,294
Lot Size 1.734 Acres
Acres 1.733563
Property Description
Overland Park is an A-class submarket in Johnson County, Kansas. Known for its high quality of life and great schools, Overland Park always has strong renter demand. The 37-unit garden style Royal Court Apartments is in the heart of Overland Park within the Shawnee Mission West School District.
Ample parking rings the property exterior while the interior features a large courtyard with a fenced pool. The property contains a nearly even mix of 18 large two-bedroom 1.5 bath units and 19 one-bedroom one bath units. The Royal court’s oversized units all have central heat and air and a large balcony overlooking the courtyard. Ten of the 37 units have received modest updates, giving the new owner the chance to achieve significant income upside via several viable value-add avenues.
Location
State KS
County Johnson
Zoning R-1-4
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Separate Meters
Roof Type Composition
Building
Story 2
Sewer City/Public
Water City/Public - Verify
Structure Type Brick Veneer,Concrete
Schools
School District Shawnee Mission
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
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