121-Unit Garden Apartment
New
For Sale
$9,600,000
Pending
13901 Grandboro Lane, Grandview, MO 64030
Low-rise community offering apartment and townhome layouts with on-site management and substantial parking.
Property SizeContact for details
Days on Market4
Property Features for 13901 Grandboro Lane
General Information
Standard status
Pending
Total Parking Spaces
274
Property subtype
Residential Income
Zoning
R
Occupancy
93%
Additional Details
Highway Access
Yes
Multifamily Units
121
Amenities
on-site management office
courtyard/picnic area
Building Details
Year Built
1974
Buildings
12
Stories
3
Construction
garden/low-rise
Listing Agency:
RE/MAX Elite, REALTORS
(816) 213-3421
Listed By:
Renee Amey · License #2003024272
(816) 213-3421
Source:
Leessummitlakehomes.idxbroker
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Elite, REALTORS
Investment Insights
Based on property information with market context.
Douglas Place Apartments is a 121-unit garden and low-rise apartment community on nearly 9 acres in Grandview, Missouri. The property includes 12 two- and three-story buildings, an on-site management office, a courtyard with picnic space, and 274 off-street parking spaces. The unit mix spans studios, one-, two-, and three-bedroom apartments, along with three- and four-bedroom townhomes, with average unit size of 920 square feet. The property was built in 1974 and is zoned R.
Current occupancy is 93%. Ownership has completed capital improvements to the buildings and individual units, while 23 classic units remain available for renovation. The asset also includes excess land and an assumable loan at 3.1% maturing in 2032, with supplemental financing eligibility tied to NOI increases.
Grandview provides access to I-49, I-35, I-70, HWY 150, and two four-lane highways. Nearby employment destinations include the Honeywell NNSA Campus, Southview Commerce Center, and Dayton Freight.
Current occupancy is 93%. Ownership has completed capital improvements to the buildings and individual units, while 23 classic units remain available for renovation. The asset also includes excess land and an assumable loan at 3.1% maturing in 2032, with supplemental financing eligibility tied to NOI increases.
Grandview provides access to I-49, I-35, I-70, HWY 150, and two four-lane highways. Nearby employment destinations include the Honeywell NNSA Campus, Southview Commerce Center, and Dayton Freight.
Key Highlights
- 121 units across 12 two- and three‑story buildings
- Nearly 9 acres with 274 off‑street parking spaces
- Unit mix includes studios, 1BR, 2BR, and 3BR apartments plus 3BR and 4BR townhomes
Property Analytics
Property Profile
Current Use
Lease Details
121
Residential units
93%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 64030, MO
26,154
Population
11,869
Households
2.2
Avg Household Size
35
Median Age
24%
College-Educated
89%
High-School Grad
14.5 sq mi
ZIP Area
1,804
Density / Sq Mi
$53,207
Median Household Income
$37,600
Median Earnings
$1,003
Median Rent
$171,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Low-rise community offering apartment and townhome layouts with on-site management and substantial parking.
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: 121 units across 12 two- and three‑story buildings; Nearly 9 acres with 274 off‑street parking spaces; Unit mix includes studios, 1BR, 2BR, and 3BR apartments plus 3BR and 4BR townhomes
