Two-Story Townhome with Private
New
For Sale
$275,000
7900 Colony Ln, Lenexa, KS 66215
A three-bedroom residence pairs an unfinished basement with a private deck off the primary suite.
Property Size1,470 SF
Price / SF$187.07
Days on Market3
Property Features for 7900 Colony Ln
General Information
Standard status
Active
Size
1,470 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
4 swimming pools
3 clubhouses
tennis courts
basketball court
children's play area
green space with lighted walking paths
private patio with pergola
deck
Building Details
Year Built
1974
Stories
2
Listing Agency:
United Country American Heartl
(417) 876-2699
Listed By:
Amy Arndorfer · License #2000156181
(816) 224-5650
Source:
Amysold
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 1 at 5:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country American Heartl
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Investment Insights
Based on property information with market context.
This two-story Lenexa townhome contains 1,470 square feet, with three bedrooms and 2.5 bathrooms. The kitchen includes a pantry, black stainless steel appliances, and a sliding door to a patio with a pergola. The primary suite has a walk-in closet, private bathroom, and its own deck. Approximately 700 square feet of unfinished basement space provides storage and potential for future finishing. Improvements include a replacement roof and siding, interior and exterior paint, newer Lennox windows and sliding doors, and a newer driveway. The HVAC system is seven years old, and the exterior sewer line was replaced in 2020.
Community facilities include four swimming pools, three clubhouses, tennis courts, a basketball court, a children’s play area, and lighted walking paths through green space. HOA services include roof repair and replacement, gutter and downspout work, exterior painting, trash service, snow removal on streets and cul-de-sacs, and care of common areas and recreational facilities.
Community facilities include four swimming pools, three clubhouses, tennis courts, a basketball court, a children’s play area, and lighted walking paths through green space. HOA services include roof repair and replacement, gutter and downspout work, exterior painting, trash service, snow removal on streets and cul-de-sacs, and care of common areas and recreational facilities.
Key Highlights
- Three bedrooms, 2.5 bathrooms, and 1,470 square feet across two stories
- Approximately 700 square feet of unfinished basement space
- Patio with pergola and a separate deck accessed from the primary suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,777
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,540
$295.5K
Cap Rate 7%
$211,100
$211.1K
Cap Rate 9%
$164,189
$164.2K
Market Conditions
NOI Build-Up for 1,470 SF
Gross rent
$27.9K $18.96/SF
− Vacancy
−$1.0K −$0.68/SF
EGI
$26.9K $18.28/SF
− OpEx
−$12.1K −$8.22/SF
NOI
$14.8K $10.05/SF
Area
Johnson County, KS
Vacancy
3.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,540
Cap Rate 7%
$211,100
Cap Rate 9%
$164,189
Alternative Uses
Best Use
Apartment 5plus
$211.1K
$184.7K – $246.3K
NOI $14,777 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.8K
$311.3K – $415.1K
NOI $24,904 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
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Business Placement
Demographics for 66215, KS
26,351
Population
11,945
Households
2.2
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
8.1 sq mi
ZIP Area
3,253
Density / Sq Mi
$89,065
Median Household Income
$48,448
Median Earnings
$1,420
Median Rent
$311,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom residence pairs an unfinished basement with a private deck off the primary suite.
Where is this residential income property located?
The property is located at 7900 Colony Ln Lenexa, KS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three bedrooms, 2.5 bathrooms, and 1,470 square feet across two stories; Approximately 700 square feet of unfinished basement space; Patio with pergola and a separate deck accessed from the primary suite
