$9,600,000
 $51,535 est/mo Sourced by Back At You

13901 Grandboro Lane,Grandview, MO 64030

Grandview, MO 64030

Share:

Description

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.

Details

MLS #2635126
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1974
Days On Site28
Listing Provided ByCompass Realty Group | Brice Bradshaw

Features

BasementY
Story(s)3
Units121
ZoningR
Acreage8.54

Taxes

Property98565

Area Information

StateMO
CountyJackson
CityGrandview
Zip Code64030
Area203 South K.C. Mo | Grandview Area
Community NameSouthern Acres
Listing VS Median (in Southern Acres)
Price:
$9,600,000
low | high
Med:
$224,300
100% of Average
On site:
28
low | high
Med:
19
100% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact


Additional Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Distinctive Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
Use of this site means you agree to the Heartland MLS Terms of Use

The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (“Heartland MLS”). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and the firm stated above do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private noncommercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The data relating to real estate displayed on this website comes in part from the Heartland Multiple Listing Service database compilation. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company.




Listings courtesy of Kansas City Regional Association of REALTORS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of September 1, 2026 at 11:19:29 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Contact

Learn More About This Property

StateMO
CountyJackson
CityGrandview
Zip Code64030
Area203 South K.C. Mo | Grandview Area
Community NameSouthern Acres
Listing VS Median (in Southern Acres)
Price:
$9,600,000
low | high
Med:
$224,300
100% of Average
On site:
28
low | high
Med:
19
100% of Average
Sourced by Back At You
Listing Updated: August 10, 2026 at 1:40:02 PM PDT
Real Estate Links Our Domains