Property details
About 5245 Overland Dr
Overland 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.
Highlights
Summary
- MLS Number: 2536000
- MLS Name: HMLS
- Office Name: Realty Executives, Hedges Real
- Office Phone: (785) 841-2400
- Listing Agent: Bryan Hedges
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Last updated on: 3/15/2025, 12:54:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,000,000
5245 Overland Dr
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $608,355 | $75,004 |
| 2023 | $572,741 | $75,004 |
| 2022 | $539,109 | $71,068 |
| 2021 | $510,876 | $68,947 |
| 2020 | $475,858 | $63,895 |
| 2019 | $445,075 | $59,697 |
| 2018 | $439,576 | $59,393 |
History based on county public records data.
Nearby schools
6
Langston Hughes Elementary School
Public District KG-5
1.0 mi
•1101 George William Way
7
Quail Run Elementary School
Public District KG-5
1.1 mi
•1130 Inverness Dr
5
Deerfield Elementary School
Public District KG-5
2.5 mi
•101 Lawrence Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,397. Typical income of Lawrence, KS residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Soccer
Continuing Education Courses
Where do the neighbors shop?
New York & Company
Forever 21
Express/Express For Men
Where do the neighbors go to eat?
Qdoba
Dominos Pizza
Sonic
What do the neighbors drive?
Infiniti
Mazda
Volkswagen
What do the neighbors listen to?
Active Rock
Rhythmic Contemporary Hits
Urban Contemporary
Frequently asked questions
About 5245 Overland Dr
This home is located at 5245 Overland Dr in Lawrence, KS and zip code 66049 in the West Lawrence neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $5,000,000.
The inventory of homes for sale in Lawrence, KS between January and February 2025 increased by 23%. While the average time on the market in February 2025 was 59 days, the median list price was $329,966.