NEW! Buy and sell safely with virtual options - Learn More
About the Listing JNTR01 - RACMOSES
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.
Listing Highlights
Status
Active
Days on Site
60
Property Type
Multi-Family
MLS ®
25083033
Year Built
1978
Total Square Footage
11,728
Lot/Acreage
0.37
County
Pike
Neighborhood
Thomas Apartments
School District
Louisiana R-II
Elementary School
Louisiana Elem.
Middle School
Louisiana Middle
High School
Louisiana High
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances: Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater
- Air Cond: Wall Unit(s)
- Heating: Baseboard,Electric
- Fireplaces:
- Floor: Carpet,Combination,Laminate,Linoleum,Luxury Vinyl,Simulated Wood,Varies
- Above Ground Sq Ft: 10000
- Below Ground Sq Ft: n/a
- Basement:
- Other: Custom Cabinetry,Dining/Living Room Combo,Eat-in Kitchen,Kitchen/Dining Room Combo,Laminate Counters,Open Floorplan,Shower
- Water: Public
Exterior Details
- Lot Description: Back Yard,Garden,Landscaped,Level
- Garage Capacity: N/A
- Roof: Composition
- Others: Awning(s),Balcony,Courtyard,Garden,Lighting,No Step Entry,Ramp Entry,Uncovered Courtyard,Updated/Remodeled
- Sewer:
- Parking Features: Additional Parking,Alley Access,Concrete,Driveway,On Site,Parking Lot
Financial Details
- Tax Amount: $5,654
- Taxes w/Assessments: N/A
- Tax/Property ID: 08-04-18-004-043-001.000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
207 S 5th St Louisiana, MO 63353
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
