21
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Listed by Rachel Moses • Juncture
$1,100,000
Est. payment /mo
0.36 Acres Lot
Active
207 S 5th ST Louisiana, MO 63353
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Key Details
Property Type Single Family Home, Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2594641
Year Built 1978
Annual Tax Amount $5,661
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Apartment
Source hmls
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.
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.
Location
State MO
County Pike
Zoning other
Interior
Interior Features Apply To All Units
Heating Baseboard, Hot Water
Cooling Window Unit(s)
Fireplace N
Laundry Central Laundry, Utility Room
Exterior
Exterior Feature Balcony
Parking Features false
Utilities Available Ind Heat And Air, Ind Water Heaters
Roof Type Composition
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
School District Other
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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