Price Reduction
Listed By:
Lutz Sales + Investments
Address
7000-7022 Cleveland Avenue, Kansas City, MO
Price
$ 2,490,000
Property Attributes
  • MLS#2482058
  • TypeMulti-Family
  • CountyJACKSON
  • CityKansas City
  • Area202 - Kansas City Area
  • NeighborhoodShiloh View
  • Zip64132
  • Style
  • Year Built1963
  • Taxes$ 34542
  • Price$ 2,490,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.2758 Acres
Data Source:
Heartland MLS (HMLS)
Property Description

Park Place Apartments is a 34 unit stately apartment building on two legal parcels. These three-story brick 1960s construction buildings contain a desirable mix of 16 two-bedroom, 16 one-bedroom units, and two studio units. Park Place Apartments has ample on-site parking behind the building with easy direct access to units and its own large parking lot. Most of the units have been renovated with high end finishes including granite countertops and updated bathrooms and kitchens. Each unit has central heat and AC, dishwashers and front and back entrance. Building exteriors are in great shape and a security camera system monitors the parking lot. Opportunity exists to add laundry rooms in the basements furthering tenant amenities. All cap ex has been completed with newer roof, redone common areas and updated units. This location is centrally located, along public transportation routes and close to downtown. Third party management currently in place. The largely market-rate tenant base enjoys the spacious floorplans, upgraded kitchens and bathrooms, and granite countertops. 14 of the 34 units have been freshly renovated in the last year and are achieving a $200/ mo premium over non-renovated units. Opportunity exits to add two additional units and bring back on-site laundry rooms. The growing Swope Park neighborhood supports both workforce and professional housing and has easy freeway or bus access to anywhere in the Kanas City Metro.

Price History
4/14/2024 Listed $2,590,000
5/3/2024 4% - $2,490,000

General Features

Sewer City/Public
Heating Forced Air
Cooling Gas
Utilities Separate Meters
Roof Composition
Zoning R-1.5
Construction Materials Brick Veneer,Concrete
Year Built 1963
Property SubType Apartment
Assoc Fee Paid Per None
County Jackson
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name Shiloh View
Garage Y/N No
Status Active
Directions Head north on Walnut St toward E 16th St,go 0.1 mi Turn right onto Truman Rd,go 420 ft Take the ramp on the left to I-70 E,go 0.2 mi Merge onto I-670 E,go 0.1 mi Take the exit onto U. S. Hwy 71 S
City Kansas City
High School District Kansas City Mo
Total Units 34
MLS Area 202 - Kansas City Area (So. of River)
Lot Size Square Feet 55574
Street Name Cleveland
Listing Terms Cash,Conventional
Public Remarks Park Place Apartments is a 34 unit stately apartment building on two legal parcels. These three-story brick 1960s construction buildings contain a desirable mix of 16 two-bedroom,16 one-bedroom units
Virtual Tour https://www.dropbox.com/sh/ufsvpmywbo6jqbr/AABeHqeUMmX9ovhwK9NFoXCLa?dl=0
Standard Status Active
In Flood Plain No
HMS_MaintenanceProvidedYN No

Interior Features

Total Stories 3
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Street Suffix Avenue
Unit Type 1 Bedroom,2 Bedroom,Efficiency

Exterior Features

Parking Features Off Street,Paved
Water Source City/Public - Verify
Lot Size Area 55574
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 64132

Price
AVG $2.49M
$2.49M
Taxes
AVG $34,542
$34,542
Visits
AVG 250
256
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1963