207 S Main St, Louisiana, MO 63353
- $1,000,000
- 13,420
- SqFt
- List Price
- $1,000,000
- Price Change
- ▼ $200,000 1784774192
- Days on Market
- 209
- MLS#
- 25083020
- Status
- ACTIVE
- Living Sq. Ft
- 13,420
- Lot Size
- 14,592
- Acres
- 0.34
- Year Built
- 1978
- Subdivision
- Thomas Apartments
- Municipality
- Louisiana
- County
- Pike
- Listing Type
- Multifamily
Property 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.
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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, Paved, On Site, Parking Lot
- Cooling
- Window/Wall, Window/Wall, Window/Wall
- Heating
- Baseboard, Electric
- Water
- Public
- Selling Terms
- Cash, Conventional
Mortgage Calculator
Listing courtesy of Juncture Real Estate, LLC.
Listings displaying the MARIS logo are courtesy of the participants of Mid America Regional Information Systems Internet Data Exchange. Information From Third Parties, Deemed Reliable But Not Verified
