$625,000

Four-unit townhome complex at 9275–9281 Nieman Road in the Southdale neighborhood of Overland Park, Kansas. Built in 1965, the two-story brick property features newer vinyl windows and sliding doors and a pitched composition shingle roof. The 4 units are on one legal parcel separated by a firewall that adjoins to an additional 4 townhomes units (separate ownership). The unit mix consists of four two-bedroom, one-bathroom townhomes averaging 928 SF (excluding basements and garages), each with a large two-level floorplan, central air, washer/dryer hookups, a newer rear deck and a private basement garage. Three of the four units have fully equipped kitchens (one unit without dishwasher). The property sits in one of the most desirable rental submarkets in the Kansas City metro. It is a half mile from Oak Park Mall, the largest mall in Kansas, with quick access to I-35 and I-435 and short drives to Overland Park Regional Medical Center, Johnson County Community College and the College Boulevard employment corridor. Overland Park was recently ranked the #3 safest city in America and the #2 best place to raise a family (WalletHub, 2026), and nearby investment such as the planned Black & Veatch World Headquarters and the proposed Oak Park Mall mixed-use redevelopment continues to strengthen long-term demand. The units are 100% occupied at an average rent of $1,115, well below comparable two-bedroom townhomes in the area, which command $1,350 or more. Renovating units to that standard offers an estimated 21–26% rent upside. Gas, electric and water are individually metered. Tenants enjoy secured front entries, garage and off-street parking, a community pool and fitness center, and additional street parking. HOA dues are $70/unit per month, and the property is currently third-party managed, making it a straightforward, stabilized acquisition with clear room to grow.