13901 Grandboro LN Grandview, MO 64030
8.54 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Southern Acres
MLS Listing ID 2565441
Year Built 1974
Annual Tax Amount $98,565
Lot Size 8.540 Acres
Acres 8.54
Property Sub-Type Apartment
Source hmls
Property Description
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.
Location
State MO
County Jackson
Zoning R
Interior
Heating Forced Air
Cooling Electric
Fireplace N
Exterior
Parking Features false
Utilities Available Cent Water Heater, Separate Meters
Roof Type Composition,Synthetic
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick Veneer,Concrete,Wood Siding
Schools
School District Grandview
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://media.clappphotographyrealestate.com/videos/0197f951-4bea-712c-bf34-b0ad2a928373
