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Turnkey Residential Rental Business With Multi-unit Home In Olathe For Sale

Olathe, Kansas, US
Asking Price:
$3,000,000 (USD)
Sales Revenue:
$277,000 (USD)
Cash Flow:
Available on request

Unique business model with tremendous cash flow.

Well established, fully tenanted with $23,107 in monthly rents and reimbursables comprised of 46 residential units across nine residential properties located within a compact geographical area in Olathe, KS (map below for proximity). Documentation and training will be available for a smooth transition.

46 units
Rental Roll Gross: $233k plus tenant utility reimbursements approximately $44k
CAP 5.8%
Sale Price $3,000,000 @ 5.8% CAP
68% of current tenants have stayed two plus years, 45% over five years.
Established: 2006
EBITDA: 5 year average: $180k
Reason for Selling: Retiring

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Olathe, Kansas, Johnson County

Premises Details:

Total of 9 separate rental houses. All homes are located in Olathe, Kansas. Owner works from home.

Business Operation

Competition / Market:

Housing market in Kansas City metro area is strong.

Reasons for selling:

Owner is Retiring

Trading hours:

24/7 Operation

Employees:
1 Owner
Years established:
2006

Other Information

Support & training:

Documentation and training provided upon request.

Home based:
This business can be run from home.

Contact Seller

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