For Auction
Park Highlands Apartments | 184 Units (HAP/LIHTC) | 68% Occupied
Kansas City, MO 64133Represented by
Colliers
Asset Snapshot
Investment Highlights
Offering Summary
Park Highlands is a 184-unit garden-style apartment community at 6421 Manchester Avenue in Kansas City, Missouri (the “Property”). The ±8.27-acre property contains nine three-story buildings with 8 studios, 80 one-bedroom and 96 two-bedroom homes. 101 units are encumbered by an Option 4 HAP Contract that expires in November 2033, and all 184 units have LIHTC coverage (60% AMI) that runs through 2037. The seller has completed approximately $1.19 million of capital expenditures from 2023 through June 2026, concentrated in interiors, appliances, flooring, HVAC and exterior/building systems. Amenities include six laundry facilities, a playground, picnic/grilling areas and approximately 341 parking spaces. Park Highlands sits less than one mile from I-435 and Brywood Centre, approximately two miles from 1,805-acre Swope Park and near the Kansas City Zoo & Aquarium. The 63rd Street corridor carries up to 12,232 vehicles per day, while RideKC Route 63 provides east-west service nearby. The offering gives investors affordable-housing scale, embedded federal rent support and a defined path to improve collections and occupancy.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
