$2,490,000 Price Analysis 7000-7022 Cleveland AveKansas 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 |
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
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.