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Auction - Park Highlands Apts | 184 Units 6421 Manchester Ave 184 Unit Apartment Building $3,444,000 CAD ($18,717 CAD/Unit) Kansas City, MO 64133
Investment Highlights
- STARTING BID $2,500,000 | Park Highlands Apartments | 184 Units (HAP/LIHTC) | 68% Occupied | AUCTION OCTOBER 19-21
- Section 8/LIHTC Overview - 101 units covered by Option 4 HAP Contract, 184 units with LIHTC coverage.
- $1.19 in Recent Capital Expenditures - Investment from 2023 through June 2026 addressed interiors, HVAC, appliances, and building systems.
- 184-Unit Multifamily Offering - Nine three-story buildings contain 8 studios, 80 one-bedroom and 96 two-bedroom homes.
- Approximately 68% In-Place Occupancy - Meaningful value-add potential exists through focused leasing, unit renovations and expense control.
- Garden-Style Community on ±8.27 Acres - Residents enjoy 341 parking spaces, six laundry rooms, a playground and picnic facilities.
Executive 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.
Property Facts
| Price | $3,444,000 CAD | Building Class | C |
| Price Per Unit | $18,717 CAD | Lot Size | 8.26 AC |
| Sale Type | Investment | Building Size | 168,975 SF |
| No. Units | 184 | Average Occupancy | 68% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Garden | ||
| Zoning | R4, Kansas City | ||
| Price | $3,444,000 CAD |
| Price Per Unit | $18,717 CAD |
| Sale Type | Investment |
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 8.26 AC |
| Building Size | 168,975 SF |
| Average Occupancy | 68% |
| No. Stories | 3 |
| Year Built | 1984 |
| Zoning | R4, Kansas City |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- High Speed Internet Access
- Refrigerator
- Range
- Views
Site Amenities
- Business Center
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 550 |
| 1+1 | 80 | - | 625 |
| 2+1 | 96 | - | 728 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $227,097 CAD | |
| Land Assessment | $53,401 CAD | Total Assessment | $280,499 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$53,401 CAD
Improvements Assessment
$227,097 CAD
Total Assessment
$280,499 CAD
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Auction - Park Highlands Apts | 184 Units | 6421 Manchester Ave
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