$999,999

1330 & 1364 N Mart-Way Drive, Olathe, KS 66061

Land
Built in 1983
0.96acre lot
—— car garage
$——/sqft
Listed 24 days ago

Property Description

This is the Johnson County rental package you've always wanted to buy. Built in 1984, this offering features four exceptional 3-bed/2.5-bath units, all currently occupied, blending modern upgrades with classic appeal. One duplex, recently renovated last summer, showcases all-new kitchens with quartz counters, painted cabinets, stainless steel appliances, luxury vinyl plank flooring on the main level, new LED lighting, fresh paint throughout, updated bathrooms with quartz counters and refinished tubs/showers, and new carpet upstairs. Enhanced by new exterior siding in 2021, it sits on a generous 0.70-acre lot with potential for adding another duplex, offering an average rent of $1,945 with market rents at $2,000/month. The second duplex, averaging $1,467/month with market rents reaching $2,000/month post-renovation, offers classic units primed for upgrades to match its counterpart’s success. Both properties include single-car garages, in-unit laundry, and charming wood decks off the kitchen, delivering immediate cash flow and value-add potential for investors. All 4 units are currently leased with fantastic tenants. Don't miss out on this special opportunity! Johnson county duplexes do not come around often and are a solid long term investment. If you have questions about financing or how to manage a small multifamily investment like this one please reach out.

Listing Status:: Pending
Listing Office:: Lutz Sales + Investments : 913-426-5576
Listing Agent:: Michelle Lutz : 913-426-5576
MLS ID:: 2575986

A/C: Electric
Heating: Natural Gas

Parking: Garage

Roofing: Composition

HOA Amenities: 0.0
Originating MLS: hmls
School District: Olathe
County: JohnsonKS

Zoning: R21330-1332 N Mart-Way DrOlatheKS 66061 = NORTH RIDGE SUBDIVISION SECOND PLAT LT 7 BLK 6 OLC 582 5 6 7 1364-1366 N Mart-Way DrOlatheKS 66061 = NORTH RIDGE SUBDIVISION SECOND PLAT LT 1 BLK 6 OLC 582 5 6 1DP50400006-0007

Utilities: Separate Meters
Water: City/Public - Verify
Sewer: Public Sewer

Source: hmls

This listing courtesy of Michelle Lutz, Lutz Sales + Investments

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Washington Elementary School

1202 N Ridgeview Rd, Olathe, KS, 66061

Grades PK-5

0.25 miles away

Santa Fe Trail Middle School

1100 N Ridgeview Rd, Olathe, KS, 66061

Grades 6-8

0.32 miles away

Olathe North High School

600 E Prairie St, Olathe, KS, 66061

Grades 9-12

1.38 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.