1631-1633 W Prairie StreetOlathe, KS66061
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Investment Opportunity:“Rent For One Side Pays The Mortgage On The Other” Discover a Unique Investment Opportunity with this Full Duplex, Featuring a total of 3 Bedrooms and 2 Bathrooms, each side Offering 1,068 square feet of Living Space. Recent Updates To Both Sides Include Exterior Paint, Wood Rot Repair, a New Roof, New Windows, and Corrected Slope around the Foundation with Dirt. Unit 1633 has been FULLY UPDATED with Interior Paint Throughout, New Flooring (Carpet and LVP), Updated Electrical, Plumbing, and HVAC Fixtures. It also boasts a New Water Heater, Remodeled Bathrooms, and an Updated Kitchen with New Appliances, Painted Cabinetry and Fixtures. Situated on a generous 6,183 square foot lot, this income-generating property is perfect for those looking to live in one unit and rent the other, or fully lease both sides. Separate Utilities ensure ease for tenants and management. Unit 1631 is currently occupied on a month-to-month lease with a rent of $1,159, which is below market value. The tenants would like to stay. Unit 1633 is being advertised for rent at $1,800. The landlord has allowed rents to stay low due to the long-term relationship. Market rent for the area is $2,350 per unit. Once we have a written contract, we can schedule a time to show unit 1631. Located close to schools, shopping, parks, and with easy access to major highways, this duplex combines comfort and convenience, making it an excellent addition to any portfolio. PLEASE DO NOT DISTURB TENANTS.
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Status changed to Active Under Contract | |
| 2 weeks ago | Listing first seen on site |
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Last Updated at 2024-10-29 07:00 PM CDT
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