This market report will be for Overland Park, Kansas- a major suburb of Kansas City, Missouri - and will be considering multi-family housing only. For the purposes of this market report multi-family housing is defined as a full duplex, triplex, fourplex or apartment building.
Duplex
Currently on market - 8 (Average asking price of $205,975)
Currently Pending or on Backup - 4 (Average asking price of $198,700)
Sold in last 12 months - 33 (Average sale price of $190,093)
Triplex/Fourplex
Currently on market - 0
Currently Pending or on Backup - 0
Sold in last 12 months - 3 (Average sale price of $257,200)
Apartments
Currently on market - 4 (Average asking price of $927,500)
Currently Pending or on Backup - 0
Sold in last 12 months - 0
If you are looking for at Kansas City for real estate investing purposes (or Overland Park, specifically) I hope that this information will be of help to you.
TIP: When choosing a real estate agent to represent you in the purchase or sale of an income property please choose a real estate agent that understands the numbers of real estate investing in Greater Kansas City. Not just any ole house agent.
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