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Connect55+ Olathe 13350 S Greenwood St 132 Unit Apartment Building $39,900,000 ($302,273/Unit) 4.70% Cap Rate Olathe, KS 66062
Investment Highlights
- Modern amenities including a fitness center, billiards room, theatre, dining area, and beautifully furnished model units.
- Strategically located near major thoroughfares and retail corridors, offering convenience and accessibility.
Executive Summary
Reece Commercial Real Estate is proud to present Connect 55+, a premier active adult living community located in the heart of Olathe, Kansas. This well-maintained, Class A property offers a rare opportunity to acquire a stabilized, income-producing asset in a thriving suburban market.
Property Facts
| Price | $39,900,000 | Building Class | B |
| Price Per Unit | $302,273 | Lot Size | 7.55 AC |
| Sale Type | Investment | Building Size | 126,195 SF |
| Cap Rate | 4.70% | Average Occupancy | 94% |
| No. Units | 132 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2017 |
| Property Subtype | Apartment | Parking Ratio | 1.76/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 | ||
| Price | $39,900,000 |
| Price Per Unit | $302,273 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 7.55 AC |
| Building Size | 126,195 SF |
| Average Occupancy | 94% |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 1.76/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Kitchen
- Refrigerator
- Range
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Lounge
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 34 | - | 865 - 990 |
| 2+2 | 98 | - | 1,050 - 1,500 |
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Videos
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Photos
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Connect55+ Olathe | 13350 S Greenwood St
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