5245 Overland Dr, Lawrence, KS 66049

Overland Pointe is a fully leased 27-unit townhome community in northwest Lawrence, available as a single investment package with condo conversion potential. Managed by Location Properties, the property maintains a 100% occupancy rate, generating $40,800 in monthly rent ($489,600 annually), with projected increases to $518,400. Each unit includes a two-car garage, driveway parking, and access to 22 guest spaces. Tenants enjoy modern appliances, in-unit laundry, and fireplaces. The landlord covers mowing and snow removal, while tenants handle utilities. The community offers two bi-level floor plans: Floor Plan A (8 end units) features an open-concept main level, two ensuite bedrooms, and a deck. Floor Plan B (19 middle units) adds a ground-level storage space. Located west of Walmart and near the new Lawrence Police Station, Overland Pointe offers excellent access to I-70, shopping, dining, and grocery stores. On-site fire hydrants provide added protection. The quiet, secluded setting enhances tenant appeal, while its well-designed townhomes maximize living space. With increasing rental demand, strong financial performance, and the potential for condo conversion, Overland Pointe is a rare investment opportunity offering stability, growth potential, and a high-performing, turnkey rental asset in a thriving market. The combination of modern amenities, prime location, and solid rental history makes it a standout property with long-term upside.