207 S Main Street,Louisiana, MO 63353
Louisiana, MO 63353
Description
Beautiful 20-Unit All-Brick Apartment Complex Overlooking Courtyard & River Views Exceptional investment opportunity featuring a well-maintained, 20-unit, all-brick apartment complex overlooking a serene green-space courtyard and the majestic Mississippi River. 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.Residents enjoy clean, functional living with coin-operated laundry facilities on both the upper and lower levels. The property is located within walking distance of local restaurants, clinics, shops, and other amenities, offering excellent convenience for tenants.This subsidized housing community serves residents age 62 and older, as well as disabled individuals, and is home to many long-term, loyal tenants-reflecting the property's strong reputation and consistent demand.A rare chance to acquire a reliable, income-producing asset with built-in rent growth and a highly stable tenant base.
Details
| MLS # | 25083020 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1978 |
| Days On Site | 314 |
| Listing Provided By | Juncture Real Estate, LLC | Rachel Moses |
Features
| SQ Feet | 13,420 |
|---|---|
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 1 |
| Acreage | 0.34 |
| Water Front | Yes |
Interior
| Cooling | Wall Unit(s), Wall/Window Unit(s), Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
| Interior Features | Dining/Living Room Combo, Eat-in Kitchen, Laminate Counters, Open Floorplan |
| Window Features | Blinds |
| Appliances | Electric Cooktop, Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
| Lot Features | Garden, Landscaped, Natural Foliage, Near Park, Near Public Transit, Views, Waterfront |
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Additional Parking, Concrete, On Site, Parking Lot |
Location
| Community Features | Park, Sidewalks, Street Lights |
|---|---|
| Senior Community Yes / No | Yes |
Utilities
| Utilities | Electricity Available, Sewer Available, Water Available |
|---|---|
| Electric | Ameren |
Taxes
| Property | 6518 |
|---|
Area Information
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | Pike R 2 |
| Community Name | Thomas Apartments |
| School District | Louisiana High |
| Elementary School | Louisiana Elem. |
| High School | Louisiana High |
| Listing VS Median (in Thomas Apartments) | |
Price: $1,000,000 low | high Med: $900,000 sqft: 13,420 low | high Med: 12,574 $ / sqft: $75 low | high Med: $71 On site: 314 low | high Med: 314 | |
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Listings courtesy of Maris MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | Pike R 2 |
| Community Name | Thomas Apartments |
| School District | Louisiana High |
| Elementary School | Louisiana Elem. |
| High School | Louisiana High |
| Listing VS Median (in Thomas Apartments) | |
Price: $1,000,000 low | high Med: $900,000 sqft: 13,420 low | high Med: 12,574 $ / sqft: $75 low | high Med: $71 On site: 314 low | high Med: 314 | |
