13901 Grandboro Lane Grandview, MO 64030
- Added:
- Jul 25, 2025
- Days on Market:
- 287
- Last Refresh:
- May 7 at 12:06 pm
Property Features for 13901 Grandboro Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Zoning
- R
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 7, Basement, Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 5, Bathroom 1
- Parking
- 274
- Parking features
- Off Street
- Standard status
- Pending
- APN
- 67-510-03-03-00-0-00-000
- Lot size
- 8.54 Acres
Taxes and HOA fees
- Tax Description
- SOUTHERN ACRES---PT LOT 21 DAF: BEG NE COR LOT 5 CENTURY PARK TH S 20' TO TRU POB TH E 305' MOL TH S MOL TH N 669' MOL TO TRU POB
- Tax Annual Amount
- 98565
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Electric
- Water source
- Public
Building Details
- Year built
- 1974
- Floors in Building
- 3
- Number of units
- 121
- Building materials
- Brick Veneer, Concrete, Wood Siding
- Roof type
- Composition, Synthetic
Listing agent Brice Bradshaw License #SP00219113 (913) 219-7074
Listing office Compass Realty Group 900 W 48th Place Ste 120, Kansas City, MO (816) 280-2773
Listing date Jul 25, 2025
MLS# 2565441
Listing URL
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Assumable loan at a low interest rate of 3.1% maturing in 2032, eligible for supplemental with NOI increases.
- Stabilized asset with a strong occupancy history, currently at 93%.
- Located in the top‑performing submarket of South Kansas City/Grandview, which recorded the highest year‑over‑year asking rent growth in Q1 at 3.5%.
- Diverse selection of spacious floor plans (average unit size of 920 square feet) including apartments and townhome units.
- Excellent commuter accessibility to major highways/interstates (I‑49, I‑35, I‑70, HWY 150).
- Opportunity to unlock additional value through organic rent growth, renovations, and potential addition of common area amenities.
Overview
121-Unit Multifamily Complex in Grandview
Douglas Place Apartments is a 121-unit garden/low-rise complex situated in Grandview, Missouri, encompassing nearly 9 acres. The property features 12 two- and three-story buildings, a dedicated on-site management office, a courtyard/picnic area, and 274 off-street parking spaces. The complex offers a diverse selection of spacious floor plans, with an average unit size of 920 square feet, including apartments (studio, 1BR, 2BR, 3BR) and townhome units (3BR & 4BR). The property is located in South Kansas City/Grandview, which recorded the highest year-over-year asking rent growth in Q1 at 3.5%. Douglas Place provides commuter accessibility to highways and interstates, located near the merging of I-49, I-35, I-70, HWY 150, and two four-lane highways. The property has a strong occupancy history, currently stabilized at 93%. Since acquisition, substantial capital improvements have been made to both the buildings and individual units. The lack of new construction in Grandview ensures continued strong demand from renters. Douglas Place is well serviced with major employers including the Honeywell NNSA Campus, the new Southview Commerce Center and Dayton Freight. The asset offers investors the opportunity to assume a highly competitive in-place loan at 3.1% maturing in 2032 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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Grandview
- County
- Jackson
- State
- Missouri
- Longitude
- -94.53514
- Latitude
- 38.871517
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Stabilized asset with assumable loan in Grandview, Missouri.
Where is this apartment building located?
The property is located at 13901 Grandboro Lane Grandview, MO.
What is the asking price?
The asking price for this property is $9,600,000.
What are key features of this property?
This property features: Assumable loan at a low interest rate of 3.1% maturing in 2032, eligible for supplemental with NOI increases.; Stabilized asset with a strong occupancy history, currently at 93%.; Located in the top‑performing submarket of South Kansas City/Grandview, which recorded the highest year‑over‑year asking rent growth in Q1 at 3.5%.
