Seller's Agent in 2025
Bryan Hedges
Realty Executives, Hedges Real
(785) 766-9383
9 in this area
69 Total Sales
Last list price
5245 Overland Dr Lawrence, KS 66049
West Lawrence Neighborhood
--
Bed
54
Baths
62,000
Sq Ft
2.3
Acres
Highlights
- 100,188 Sq Ft lot
- No HOA
- Brick Veneer
- Quail Run Elementary School Rated A-
- 76 Car Attached Garage
- Forced Air Heating and Cooling System
About This Home
As of May 2025Overland Pointe: Fully leased 27-unit townhome community in northwest Lawrence, available as a single investment package. A future owner has the option to convert the units into condominiums, as condo unit recordings are already in place with the Douglas County Register of Deeds. Currently managed by Location Properties with a 100% occupancy rate, the property generates $40,800 in monthly rent ($489,600 annually), with projected rent increases raising annual income to $518,400.
Each unit includes an enclosed two-car garage, driveway space for two additional vehicles, and access to 22 extra parking spots for guests. The property is just west of Walmart and the new Lawrence Police Station, with two on-site fire hydrants for added protection. Tenants enjoy modern appliances, in-unit washers and dryers, and fireplaces. The landlord handles mowing and snow removal, while tenants cover utilities.
The community features two floor plans. Floor Plan A, found in eight end units, has a ground-level two-car garage, storage spaces, and a main level with an open living, dining, and kitchen area, half bath, and deck. The top level includes a primary suite with a double-sink ensuite bathroom, a second bedroom with an ensuite full bath, and a hallway linen closet. Floor Plan B, in 19 middle units, has a similar layout but includes an 8x6 storage space on the ground level.
Located in a quiet and secluded setting, Overland Pointe offers easy access to I-70 and is near shopping, dining, and grocery stores. Its excellent location, strong rental income, and future condo conversion potential make it an outstanding investment opportunity. Each townhome features a well-designed bi-level layout with modern finishes and spacious living areas, making them highly attractive to tenants. With increasing rental demand in the area, Overland Pointe offers stability and growth potential for investors. A rare chance to acquire a high-performing, turnkey rental community in a thriving market.
Last Agent to Sell the Property
Realty Executives, Hedges Real Brokerage Phone: 785-841-2400 License #BR00043819 Listed on: 03/13/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $77,900
Year Built
- Built in 2007
Parking
- 76 Car Attached Garage
Home Design
- Brick Veneer
- Frame Construction
- Composition Roof
Interior Spaces
- 54 Bathrooms
- 62,000 Sq Ft Home
- 2-Story Property
- Basement
Kitchen
- Microwave
- Dishwasher
- Disposal
Laundry
- Laundry in unit
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number U13960C
- $5,400 special tax assessment
Community Details
Overview
- No Home Owners Association
- 27 Units
Building Details
- Gross Income $489,600
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $5,000,000 | 0.0% | $81 / Sq Ft |
| 11/30/2022 11/30/22 | Price Changed | $1,385 | +3.4% | $1 / Sq Ft |
| 08/23/2022 08/23/22 | For Rent | $1,340 | -- | -- |
Source: Heartland MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $84,000 | $666,609 | $37,970 | $628,639 |
| 2024 | $75,005 | $608,355 | $37,191 | $571,164 |
| 2023 | $75,005 | $572,741 | $36,411 | $536,330 |
| 2022 | $71,068 | $539,109 | $35,833 | $503,276 |
| 2021 | $68,947 | $510,876 | $35,254 | $475,622 |
| 2020 | $63,895 | $475,858 | $35,254 | $440,604 |
| 2019 | $59,698 | $445,075 | $30,076 | $414,999 |
| 2018 | $59,393 | $439,576 | $24,186 | $415,390 |
| 2017 | $0 | $0 | $0 | $0 |
| 2016 | $0 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Hedges
-
Ryan Mellies
Buyer's Agent in 2025
Ryan Mellies
Keller Williams Realty Partners Inc.
(913) 907-0760
15 in this area
122 Total Sales
Map
Source: Heartland MLS
MLS Number: 2536000
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Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
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