Listed By:
Lutz Sales + Investments
Address
8313 Lowell Avenue, Overland Park, KS
Price
$ 4,625,000
Property Attributes
  • MLS#2483713
  • TypeMulti-Family
  • CountyJOHNSON - KS
  • CityOverland Park
  • Area998 - Other Kansas Area
  • Zip66212
  • Style
  • Year Built1961
  • Taxes$ 31294
  • Price$ 4,625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.73356 Acres
Data Source:
Heartland MLS (HMLS)
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.

Price History
4/18/2024 Listed $4,810,000
5/3/2024 4% - $4,625,000

General Features

Sewer City/Public
Heating Forced Air
Cooling Electric
Utilities Separate Meters
Roof Composition
Zoning R-1-4
Construction Materials Brick Veneer,Concrete
Year Built 1961
Property SubType Apartment
Assoc Fee Paid Per None
County Johnson,KS
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Other
Garage Y/N No
Status Active
Directions Head north on Walnut St toward E 16th St,go 0.1 mi Turn left onto Truman Rd,go 0.4 mi Take the ramp onto I-35 S Entering Kansas,go 6.7 mi Take exit 231B on the left for US-69 S toward Metcalf Ave
City Overland Park
High School District Shawnee Mission
NumberOfUnitsTotal 37
MLS Area 998 - Other Kansas Area
Lot Size Units Square Feet
Lot Size Square Feet 75514
Listing Terms Cash,Conventional,1031 Exchange
Public Remarks 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 Cour
Virtual Tour https://www.dropbox.com/scl/fo/m5thattrp3n27snhirrgj/h?rlkey=gevrji2l48wexmhzg9kwxn6yi&dl=0
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 2
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Unit Type 1 Bedroom,2 Bedroom

Exterior Features

Parking Features Off Street,Paved
Water Source City/Public - Verify
Lot Size Area 75514

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 66212

Price
AVG $4.63M
$4.63M
Taxes
AVG $31,294
$31,294
Visits
AVG 347
350
Data Provided by Inside Real Estate®
Year Built
AVG 1961
1961