$425,000
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503 E PARK ST Olathe, KS 66061
0.37 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Hayes Addition
MLS Listing ID 2364794
Sold Date 06/30/22
Year Built 1915
Annual Tax Amount $3,000
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 60x271
Property Sub-Type Quadruplex
Source hmls
Property Description
*FULLY OCCUPIED 4 PLEX RESIDENCE*GREAT CURB APPEAL*LOCATED IN GREAT, QUIET AREA JUST A FEW BLOCKS FROM DOWNTOWN OLATHE*DIAGONALLY ACROSS FROM DEAF SCHOOL*HOME WAS CONVERTED YRS AGO INTO MULTI FAMILY UNITS*1 BDRM APT*1 STUDIO APT*2 BDRM APT*2-3 BDRM APT*DETACHED GARAGE FOR STORAGE*YARD IS PRIVACY FENCED ON 2 SIDES*LARGE BACKYARD*GARDEN SPOT*NICE PATIO OFF DINING RM OF UNIT #4*FRONT COMMON AREA ENTRY FOR UNITS 1 & 2 + CUTE FRONT PORCH*SEPERATE ENTRY FOR UNITS 3 & 4*SHARED DRIVEWAY W/LOTS OF PARKING NEXT TO RESIDENCE*UNIT #4 HAS WASHER/DRYER-NO OTHER UNITS HAVE WASHER/DRYER HOOKUPS*ALL UNITS HAVE PROVIDED REFRIGERATORS & STOVE/OVENS*ALL HAVE SEPARATE FURNACE, AC, HOT WATER HTRS & EACH PAY THEIR OWN INDIVIDUAL UTILITIES + EACH PAY FOR THEIR OWN TRASH P/U*UNIT 1 & UNIT 4 SHARE WATER/$50 PD FROM UNIT 1 TO UNIT 4 MONTHLY*METAL ROOF*VINYL SIDING*COMPLETE NEW SIDEWALK*CURRENT OWNER IS MANAGER & OCCUPIES UNIT #4 & IS WANTING TO STAY/RENT BACK FOR 1-1.5 YRS AFTER CLOSING IF POSSIBLE*STUDIO APT HAS WINDOW AC & WALL FURNACE/ALL OTHER UNITS HAVE CENTRAL HVAC*ALL UNITS ARE NICE INSIDE, HAVE CEILING FANS, CARPET, WOOD FLOORING, VINYL OR TILE*TONS OF NATURAL LIGHT IN EACH UNIT*THIS IS A VERY CLEAN, WELL MAINTAINED, OWNER/OCCUPIED PROPERTY THAT HAS BEEN WELL TAKEN CARE OF*OWNER IS DOING A 1031 TAX EXCHANGE FROM THIS PROPERTY TO ANOTHER PROPERTY OUT OF STATE & SELLER CANNOT CLOSE UNTIL END OF MAY 2022, OR LATER*TENANT OCCUPIED & SUBJECT TO TENANTS CURRENT LEASES*PLEASE NOTE: WE KNOW RENTS ARE LOW & SELLER RECENTLY RAISED THEM FOR THE 1ST TIME IN QUITE AWHILE*UNIT #1 RENT IS $700/MONTH. UNIT #2 RENT IS $700/MONTH. UNIT #3 RENT IS $550/MONTH*
Location
State KS
County Johnson
Zoning Multi
Interior
Interior Features Common Entry, Private Entry, Prt Window Cover
Heating Electric, Natural Gas, Wall Furnace
Cooling Electric, Window Unit(s)
Fireplace Y
Appliance Dryer, Exhaust Hood, Microwave, Refrigerator, Built-In Electric Oven, Gas Range, Washer
Exterior
Parking Features true
Utilities Available Ind Heat And Air, Ind Water Heaters, Separate Meters
Roof Type Metal
Building
Story 2
Sewer City/Public
Water Public
Structure Type Frame, Vinyl Siding
Schools
Elementary Schools Central
Middle Schools Oregon Trail
High Schools Olathe North
School District Olathe
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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