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$2,490,000   Price Analysis
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7000-7022 Cleveland Ave
Kansas City, MO 64132
Unknown bed None bath unknown SqFt ($0/SqFt)
1.28 acre lot. Built 1963
Listed 2024-04-14
Ⓧ USDA Ineligible
due to price & location

near Kansas City

Park Place Apartments is a 34 unit stately apartment building on two legal parcels.

* Sale Pending *

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 extraordinary 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 roomy floorplans, upgraded kitchens and bathrooms and granite countertops. 14 of the 34 units have been freshly renovated in the last year and are achiving 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.


Presented by Michelle Lutz at
Lutz Sales Investments.


Property MLS #2482058 from Heartland

Total Bathrooms: 0.00

Cooling Features: Gas
Heating Features: Forced Air

Lot Size Acres: 1.2758034
Lot Size Square Feet: 55574

Garage Description: Off Street, Paved
Parking Features: Off Street, Paved

Number of Units: 34
Unit Type: 1 Bedroom, 2 Bedroom, Efficiency
Unit Features: 2 Bedroom BathsTotal: 1, 1 Bedroom BathsTotal: 1, Studio BathsTotal: 1

High School District: Kansas City Mo
School District: Kansas City Mo

B. Banneker Elementary School is a public elementary school located approximately 0.2 miles away.
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SOUTHEAST High School is a public high school located approximately 0.7 miles away.
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Central Middle School is a public middle school located approximately 4.7 miles away.
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Carver Christian Academy is a private elementary and middle school located approximately 1.2 miles away.
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Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 34542
Source Listing Status: Pending
County: Jackson
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 Parts of this road may be closed at certain times or days, go 7.2 mi Turn left after Church's Texas Chicken (on the right) (signs for Prospect Ave), go 0.7 mi Turn left onto Cleveland Ave Destination will be on the left, go 407 ft
Source Property Type: Residential Income
Area: 202 - Kansas City Area (So. of River)
Source Neighborhood: Shiloh View
Parcel Number: 46-410-26-14-00-0-00-000
Subdivision: Shiloh View
Zoning: R-1.5
Flood Plain: No
Property Subtype: Apartment
Source System Name: C2C

Price Changed 2024-05-03
$2,490,000
Heartland
Listed 2024-04-14
$2,590,000
Heartland

Year Built: 1963
Construction Materials: Brick Veneer, Concrete
Property Age: 61
Roof: Composition
Levels or Stories: 3
Building Total Stories: 3
Year Built Details: 51-75 Years

Sewer: City/Public
Separate Meters
Water Source: City/Public - Verify
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.