7000 Cleveland Ave, Kansas City, MO 64132 For Sale

The Park Place Apartments is a rehabbed 34-unit multifamily property in the heart of Kansas City offering stable in-place income with opportunities for income upside. Originally built in 1963, the property has been thoughtfully updated through the years with granite countertops and LVP flooring in all units. Park Place Apartments presents a compelling opportunity for workforce and voucher housing cash flow with income upside.

Every unit has been renovated with modern finishes, including luxury vinyl plank flooring, dishwashers, central heat and A/C, granite countertops, and updated kitchens and bathrooms. Tenants enjoy ample off-street parking just steps from their doors. Two common-area spaces provide additional upside, with the opportunity to convert them back to on-stie laundry, boosting income and tenant convience. Each unit is separately metered and features its own furnace, water heater, and A/C condenser, keeping maintenance costs low and operations straightforward.

Whether you're looking for steady returns or a platform for community impact, Park Place Apartments offers updated units with steady cash flow.