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.
| MLS # | 2594641 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1978 |
| Days On Site | 296 |
| Listing Provided By | Juncture | Rachel Moses |
| Story(s) | 2 |
|---|---|
| Units | 16 |
| Zoning | other |
| Acreage | 0.36 |
| Property | 5661 |
|---|
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | 999 Other Missouri Area |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $800,000 low | high Med: $269,600 On site: 296 low | high Med: 49.5 | |
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | 999 Other Missouri Area |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $800,000 low | high Med: $269,600 On site: 296 low | high Med: 49.5 | |
![]() | $1,000,000207 S Main StreetLouisiana, MO 63353 |