207 S 5th St, Louisiana, MO 63353
- $800,000
- 11,728
- SqFt
- List Price
- $800,000
- Price Change
- ▼ $210,000 1784774192
- Days on Market
- 208
- MLS#
- 25083033
- Status
- ACTIVE
- Living Sq. Ft
- 11,728
- Acres
- 0.37
- Year Built
- 1978
- Subdivision
- Thomas Apartments
- Municipality
- Louisiana
- County
- Pike
- Listing Type
- Multifamily
Property Description
Exceptional investment opportunity featuring a well-maintained, 16-unit, all-brick apartment complex comprised of two-bedroom apartments, thoughtfully designed for residents (62 years of age and older). The community is centered around a serene courtyard with beautifully maintained landscaping, creating a welcoming and peaceful environment. This property operates under a multi-year Housing Assistance Payment (HAP) contract through the U.S. Department of Housing and Urban Development, making it eligible for automatic annual OCAF rent increases—providing stable, predictable income. The complex maintains near full occupancy, with 15 of 16 units leased to long-standing residents, supporting strong and dependable cash flow. Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The complex offers handicap-accessible features and is conveniently located near local amenities, including coffee shops, restaurants, clinics, and retail, providing excellent walkability and everyday convenience for residents.
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Additional Information
- School District
- Louisiana R-II
- Elementary School
- Louisiana Elem.
- Jr. High School
- Louisiana Middle
- Sr. High School
- Louisiana High
- Parking Description
- Additional Parking, Alley Access, Paved, Driveway, On Site, Parking Lot
- Cooling
- Window/Wall
- Heating
- Baseboard, Electric
- Water
- Public
- Selling Terms
- Cash, Conventional
Mortgage Calculator
Courtesy of Juncture Real Estate, LLC
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