414 E Cedar Street, Olathe, KS 66061
- $525,000
- List Price
- $525,000
- MLS#
- 2617191
- Status
- ACTIVE
- Type
- Multifamily
- Lot Size
- 64,367
- Acres
- 1.48
- Subdivision
- Other
Property Description
Amazing project property with massive upside in the heart of Olathe. This 10-unit multifamily building is 100% vacant and ready for a full down-to-the-studs renovation. The location is unbeatable—just a 5-minute walk from the $250M downtown revitalization, including the new City Hall, Johnson County Courthouse, and the emerging lifestyle district filled with new retail and dining.The property sits on a rare 1.48-acre lot confirmed as R5 High Density zoning. This offers a unique dual opportunity: rehab the existing structure into a high-cash-flow showplace while exploring the potential to add more buildings on the oversized parcel. The units are already sub-metered for electric and water (gas is master), providing a huge head start on stabilization. While it needs a heavy lift to become occupied once again, the land value and prime location make this an irreplaceable asset. Buyer to verify all future development possibilities. Information deemed reliable but not guaranteed. No seller finance, please do not ask.
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Additional Information
- Year Built
- 1900
- School District
- Olathe
- Basement
- Yes
- Roof
- Composition
- Central Air
- Window Unit(s)
- Sewer
- Public Sewer
- Construction
- Stucco
- Water
- City/Public - Verify
- Cooling
- Window Unit(s)
- Heating
- None
- Taxes
- $5,526
- Zoning
- MF
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Listing courtesy of Michelle Lutz of Lutz Sales + Investments.
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