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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.
Rental Roll Gross: $233k plus tenant utility reimbursements approximately $44k
Sale Price $3,000,000 @ 5.8% CAP
68% of current tenants have stayed two plus years, 45% over five years.
EBITDA: 5 year average: $180k
Reason for Selling: Retiring
For more information, please contact us by using the form below.
Real Property Included
Olathe, Kansas, Johnson County
Total of 9 separate rental houses. All homes are located in Olathe, Kansas. Owner works from home.
Housing market in Kansas City metro area is strong.
Owner is Retiring
Documentation and training provided upon request.
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