Colliers present Park Highlands, a 184-unit garden-style multifamily community in Kansas City, Missouri. Built in 1982, the property spans eight buildings totaling approximately 124,088 SF on 8.30 acres, 10 miles from downtown with access to I-435, Missouri Route 350, Swope Park and the Blue Parkway retail corridor. All 184 units are subject to a LIHTC Land Use Restriction Agreement limiting occupancy to households at or below 60% AMI; 101 units also receive HUD Project-Based Section 8 assistance under a HAP contract through November 2033. Overall occupancy is 67.4%, with HAP-supported apartments at 75.2% and the 83 LIHTC-only residences at 57.8%, creating a defined lease-up opportunity. Ownership has submitted a budget-based HAP rent increase request to HUD/MHDC that remains pending approval. If approved as submitted, annual contract income across the 101 covered units would rise from approximately $698,088 to $922,020, an increase of $223,932 (+32.1%) not reflected in current income. The seller completed approximately $1.19 million in capital improvements from 2023 through June 2026, including interiors, appliances, flooring, HVAC and exterior/building systems. Amenities include a community room, playground, laundry, picnic area and parking, with on-site management and maintenance. Lease-up and the proposed subsidy adjustment offer two avenues for revenue growth.