13901 Grandboro Lane, Grandview, MO 64030
Local realty services provided by:Better Homes and Gardens Real Estate Kansas City Homes
Listed by: brice bradshaw, parker beck
Office: compass realty group
MLS#:2565441
Source:MOKS_HL
Price summary
- Price:$9,600,000
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....
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Home facts
- Year built:1974
- Listing ID #:2565441
- Added:307 day(s) ago
- Updated:May 29, 2026 at 07:56 AM
Rooms and interior
- Basement:Yes
Heating and cooling
- Cooling:Electric
- Heating:Forced Air Gas
Structure and exterior
- Roof:Composition, Synthetic
- Year built:1974
- Lot area:8.54 Acres
- Construction Materials:Brick Veneer, Concrete, Wood Siding
Utilities
- Water:City/Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$9,600,000
Parking
- Total parking spaces:274
- Parking description:Off Street
HeartlandMLS©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the HeartlandMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data <Last Updated May 29, 2026New listings near 13901 Grandboro Lane
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