8313 Lowell Avenue

Overland Park, KS 66212

$4,810,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Overland Park is an A-class submarket in Johnson County, Kansas. Known for its high quality of life and great schools, Overland Park always has strong renter demand. The 37-unit garden style Royal Court Apartments is in the heart of Overland Park within the Shawnee Mission West School District. Ample parking rings the property exterior while the interior features a large courtyard with a fenced pool. The property contains a nearly even mix of 18 large two-bedroom 1.5 bath units and 19 one-bedroom...Overland Park is an A-class submarket in Johnson County, Kansas. Known for its high quality of life and great schools, Overland Park always has strong renter demand. The 37-unit garden style Royal Court Apartments is in the heart of Overland Park within the Shawnee Mission West School District. Ample parking rings the property exterior while the interior features a large courtyard with a fenced pool. The property contains a nearly even mix of 18 large two-bedroom 1.5 bath units and 19 one-bedroom one bath units. The Royal court’s oversized units all have central heat and air and a large balcony overlooking the courtyard. Ten of the 37 units have received modest updates, giving the new owner the chance to achieve significant income upside via several viable value-add avenues.
  1. Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576

Property Details for 8313 Lowell Avenue

Zoning
R-1-4

Location

Listing Courtesy of Lutz Sales + Investments
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LISTING UPDATED: 04/19/2024 10:31 AM

Property Details for 8313 Lowell Avenue

StatusActive
MLS #2483713
Days on Market13
Taxes$31,294 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1961
CountyJohnson County

Location

Listing Courtesy of Lutz Sales + Investments
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Building Information for 8313 Lowell Avenue

Building/Complex8313 Lowell AveFloor-Stories2Residences37Pet Policy-Year Built1961Building Size-

Payment Calculator

$28,858 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,250

Property Taxes

$2,608

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8313 Lowell Avenue

Summary
Location and General Information
  • City: Overland Park
  • County Or Parish: Johnson, KS
  • Directions: Head north on Walnut St toward E 16th St, go 0.1 mi Turn left onto Truman Rd, go 0.4 mi Take the ramp onto I-35 S Entering Kansas, go 6.7 mi Take exit 231B on the left for US-69 S toward Metcalf Ave, go 0.2 mi Continue onto US-69 S, go 1.6 mi Continue onto Metcalf Ave Pass by Jimmy John's (on the left in 2.6 mi), go 2.7 mi Turn right onto W 83rd St, go 0.5 mi Turn left onto Lowell Ave, go 0.1 mi Turn left Destination will be on the right, go 141 ft
  • Latitude: 38.978179
  • Longitude: -94.676619
  • MLS Area Major: 998 - Other Kansas Area
  • Postal Code: 66212
  • State Or Province: KS
  • Subdivision Name: Other
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $31,294.00
  • Parcel Number: 046-069-30-0-40-08-001.00-0
  • Tax Annual Amount: $31,294.00
School Information
  • High School District: Shawnee Mission
Parking
  • Garage: No
  • Parking Features: Off Street, Paved
Property
Lot Information
  • Building Area Total: 7344.0
  • Lot Size Area: 75,514.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 75,514.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick Veneer, Concrete
  • Documents Available: Financial Details
  • Documents Count: 8
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: MAWN ESTATES LT 1 SUBJ TO PT IN ST LT 2 & N 108' LT 3 & VAC 83 ST ADJ LTS 1 & 2 OPC 7897 1
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 17
  • Year Built: 1961
Utilities
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Water Source: City/Public - Verify
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,2 Bedroom
  • Cooling: Electric
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 37
Income & Expenses
  • Gross Income: $529,140.00
  • Maintenance Provided YN: 0
  • Operating Expense: $31,294.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type Unit Half Baths: 1
  • Unit Type Baths Total: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 18
Unit 2
  • Unit Type Unit Half Baths: 0
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 19
Rental
Rent Information
  • Current Occupancy Rate: 90-95%
  • Deposit: First American Title
  • Existing Lease Terms: Month To Month,One Year Lease

Property History for 8313 Lowell Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8313 Lowell Avenue

Taxable ValueLand$32,566Additions$164,084Total$196,650
Tax Record2023$20,374 ($1,698 / month)
Home Facts
Total Finished SqFt11,016 SqFtAbove Grade Finished SqFt11,016 SqFtUnfinished Basement SqFt1,836 SqFtStories2Lot Size75,359 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningR4CountyJOHNSONAPNNP43200000 0001

Schools near 8313 Lowell Avenue

This home is within Shawnee Mission Pub School.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Overland Park Elementary School
PublicPK to 6

Westridge Middle School
Public7 to 8

Shawnee Mission West High School
Public9 to 12

Broadmoor Multi-Use Center
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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8313 Lowell Avenue is a multi-family home for sale in Overland Park, KS 66212. This property was listed for sale on April 18, 2024 by Lutz Sales + Investments, it's currently listed at $4,810,000. This listing's school district is Shawnee Mission Pub School. Nearby schools include Overland Park Elementary School, Westridge Middle School and Shawnee Mission West High School. 8313 Lowell Avenue is a 0-bed, 0-bath, multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.