13901 Grandboro Ln Grandview, MO 64030
Estimated payment $60,117/month
Highlights
- 372,002 Sq Ft lot
- Forced Air Heating and Cooling System
- Wood Siding
- No HOA
About This Home
Call for offer date is August 28th at 3pm CST. Stabilized asset with assumable loan at 3.1% maturing in 2032 – eligible for supplemental with NOI increases. Douglas Place Apartments is a 121-unit garden/low-rise complex located in Grandview, Missouri. The asset is comprised of nearly 9-acres with 12 two & three-story buildings, a dedicated on-site management office, courtyard/picnic area and 274 off-street parking spaces. The value proposition of the property is strengthened by its diverse selection of spacious floor plans – with an average unit size of 920 square feet – featuring a mix of apartments (studio, 1BR, 2BR, 3BR) and townhome units (3BR & 4BR), a unique offering in Grandview. Douglas Place provides excellent commuter accessibility to highways/interstates as Grandview sits at one of the most advantageous spots in greater Kansas City adjacent to the greatest merging of traffic in the area: three interstates (I-49, I-35 and I-70), one state highway (HWY 150) and two four-lane highways .
Douglas Place boasts a strong occupancy history, currently stabilized at 93%. Since acquisition, current ownership has made substantial capital improvements to both the buildings and individual units. The asset offers investors the opportunity to assume a highly competitive in-place loan and unlock additional value through organic rent growth, renovations to the remaining 23 classic units and the potential addition of common area amenities on the excess land. Located in South Kansas City/Grandview — the top-performing submarket in the region — the area recorded the highest year-over-year asking rent growth in Q1 at 3.5% (source: CoStar). Douglas Place is well serviced with major employers including the Honeywell NNSA Campus, the new Southview Commerce Center and Dayton Freight. The lack of new construction in Grandview ensures continued strong demand from renters.
Listing Agent
Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 07/25/2025

Property Details
Home Type
- Apartment
Est. Annual Taxes
- $98,565
Year Built
- Built in 1974
Lot Details
- 8.54 Acre Lot
Home Design
- Composition Roof
- Synthetic Roof
- Wood Siding
Interior Spaces
- 133 Bathrooms
- 3-Story Property
- Basement
Parking
- 274 Parking Spaces
- Off-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 67-510-03-03-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 121 Units
- Southern Acres Subdivision
Building Details
- Gross Income $1,413,651
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/25/2025 07/25/25 | For Sale | $9,600,000 | -- | -- |
Source: Heartland MLS
MLS Number: 2565441

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