7000-7022 Cleveland Avenue

7000-7022 Cleveland Avenue

Kansas City, MO 64132

$2,590,000
Price
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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...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.
  1. Listed by Michelle Lutz • Lutz Sales + Investments • 913-426-5576

Property Details for 7000-7022 Cleveland Avenue

Zoning
R-1.5

Location

Listing Courtesy of Lutz Sales + Investments
Add your commute
LISTING UPDATED: 04/19/2024 08:42 AM

Property Details for 7000-7022 Cleveland Avenue

StatusActive
MLS #2482058
Days on Market17
Taxes$34,542 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1963
CountyJackson County

Location

Listing Courtesy of Lutz Sales + Investments
Add your commute

Building Information for 7000-7022 Cleveland Avenue

Building/Complex7000-7022 Cleveland AveFloor-Stories3Residences34Pet Policy-Year Built1963Building Size-

Payment Calculator

$17,013 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,135

Property Taxes

$2,879

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7000-7022 Cleveland Avenue

Summary
Location and General Information
  • City: Kansas City
  • County Or Parish: 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
  • Latitude: 38.998771
  • Longitude: -94.543076
  • MLS Area Major: 202 - Kansas City Area (So. of River)
  • Postal Code: 64132
  • State Or Province: MO
  • Subdivision Name: Shiloh View
Taxes and HOA Information
  • HOA Fee: $.00
  • Association Fee Frequency: None
  • Association: No
  • Tax Abatement YN: 0
  • Tax Special Amount: 0
  • Tax Annual Amount: $34,542.00
  • Parcel Number: 46-410-26-14-00-0-00-000
  • Tax Annual Amount: $34,542.00
School Information
  • High School District: Kansas City Mo
Parking
  • Garage: No
  • Parking Features: Off Street, Paved
Property
Lot Information
  • Building Area Total: 14634.0
  • Lot Size Area: 55,574.00
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 55,574.00
  • Lot Size Units: Square Feet
Property and Assessments
  • Construction Materials: Brick Veneer, Concrete
  • Documents Available: Financial Details
  • Documents Count: 5
  • Age Description: 51-75 Years
  • FEMA 100 Yr Flood Plain: No
  • Legal Description: 7000-04 Cleveland Ave, Kansas City, MO 64132 SHILOH VIEW N 182' OF LOT 11 (KNOWN AS TRACT A ON CERT SUR BK S7 PG 45) 7020-22 Cleveland Ave, Kansas City, MO 64132 SHILOH PARK ALL LOTS 91 & 92 AND ALL LOT 11 SHILOH VIEW EXCEPT N 182' (KNOWN AS TRACT B ON CERT SUR
  • Special Documents Required YN: 0
  • Type Of Management: Off-Site Mgmt
  • Listing Agreement: Exclusive Right To Sell
  • Photos Count: 25
  • Year Built: 1963
Utilities
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Water Source: City/Public - Verify
Interior and Exterior Features
Exterior Features
  • Package: Yes
  • Roof: Composition
Interior Features
  • Basement YN: Yes
  • Bathrooms Total Integer: 0
  • Unit Type Type: 1 Bedroom,2 Bedroom,Efficiency
  • Cooling: Gas
  • Central Air YN: Yes
  • Heating: Forced Air
  • Stories Total: 3
Multi Family
Multi-Family Information
  • Number Of Units Total: 34
Income & Expenses
  • Gross Income: $360,240.00
  • Maintenance Provided YN: 0
  • Operating Expense: $34,542.00
  • Operating Expense Includes: Real Estate Tax
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 16
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 16
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Type: Studio
  • Unit Type Units Total: 2
Rental
Rent Information
  • Current Occupancy Rate: 80-90%
  • Deposit: First American Title
  • Existing Lease Terms: Month To Month,One Year Lease

Property History for 7000-7022 Cleveland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7000-7022 Cleveland Avenue

This home is within Kansas City 33 School District.
Rating
School
Type
Grades
Distance
B. Banneker Elementary School
Public - PK to 6
Central Middle School
Public - 7 to 8
SOUTHEAST High School
Public - 9 to 12
Holliday Montessori
Public - PK to 6
Rating
School
Distance
B. Banneker Elementary School
PublicPK to 6

Central Middle School
Public7 to 8

SOUTHEAST High School
Public9 to 12

Holliday Montessori
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7000-7022 Cleveland Avenue, Kansas City, MO 64132

7000-7022 Cleveland Avenue is a multi-family home for sale in Kansas City, MO 64132. This property was listed for sale on April 14, 2024 by Lutz Sales + Investments, it's currently listed at $2,590,000. This listing's school district is Kansas City 33 School District. Nearby schools include B. Banneker Elementary School, Central Middle School and SOUTHEAST High School. 7000-7022 Cleveland Avenue is a 0-bed, 0-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lutz Sales + Investments

Based on information from one of the following Multiple Listing Services: Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS, Lawrence Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Heartland MLS, South Central Kansas MLS, Sunflower Association of REALTORS , Lawrence Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.