$9,600,000

13901 Grandboro Ln Grandview, MO 64030

Estimated payment $60,117/month

Total Views 5,938
-- Bed
133 Baths
-- Sq Ft
-- Price per Sq Ft

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

Brice Bradshaw

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 07/25/2025

Compass Realty Group

Co-Listing Agent

Parker Beck

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00238832

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$98,565

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1974
  • Co List Office Mls Id: HMSCMLC
  • Co List Office Name: Compass Realty Group
  • Co List Office Phone: 816-280-2773
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Brice Bradshaw
  • List Office Mls Id: HMSCMLC
  • List Office Name: Compass Realty Group
  • List Office Phone: 816-280-2773
  • Mls Status: Active
  • Operating Expense: 746357
  • Age Description: 51-75 Years
  • Tax Special Amount: 0
  • Tax Total Amount: 98565
  • Value Range Pricing YN: 0
  • Maintenance Provided YN: 0
  • Special Documents Required YN: 0
  • Phone Other: 9133753850
  • Phone Other Type: Cell
  • Package: No
  • Attribution Contact: 913-219-7074
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Stories: 3

Exterior Features

  • Roof: Composition, Synthetic
  • Construction Materials: Brick Veneer, Concrete, Wood Siding

Garage/Parking

  • Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 274

Utilities

  • Cooling: Electric
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Cent Water Heater, Separate Meters
  • Cooling: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: On-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: National Secured Title

Schools

  • Junior High Dist: Grandview

Lot Info

  • Zoning: R
  • Lot Size Area: 8.54
  • Lot Size Sq Ft: 372002.4
  • Parcel Number: 67-510-03-03-00-0-00-000
  • Subdivision Name: Southern Acres
  • In Flood Plain: No

Building Info

  • Number of Units Total: 121

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 1413651
  • Current Occupancy Rate: 90-95%
  • Unit Count: 6

Tax Info

  • Tax Annual Amount: 98565
  • Tax Abatement YN: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $9,600,000 -- --
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2565441

Heartland MLS