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.
0 Bed
0 Bath
13,420 sq.ft
$0 per sq.ft
Apartment Style
$ 1,000,000
Active
0
25083020
0
0
13,420
Thomas Apartments
Louisiana
Louisiana R-II
Pike
Residential Income
Apartment Style
Residential Income
$6,518
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1501 Georgia Street, Louisiana, MO 63353 | 3/2 | 1,591 | $189,500 | $189,500 100% of ask |
Aug 28, 2025 |
| 19115 Pike 9275, Louisiana, MO 63353 | 0/0 | -- | $490,000 | $410,000 83.7% of ask |
Apr 7, 2025 |
| 1204 N Carolina Street, Louisiana, MO 63353 | 4/2 | 2,395 | $220,000 | $200,000 90.9% of ask |
Aug 28, 2024 |
| 0 Lot 30 River Ridge S.D., Louisiana, MO 63353 | 0/0 | -- | $25,000 | $3,000 12% of ask |
Aug 2, 2024 |
| 0 county rd 273, Louisiana, MO 63353 | 0/0 | -- | $1,280,000 | $1,120,000 87.5% of ask |
Apr 19, 2024 |
| 115 Mary's Dr., Louisiana, MO 63353 | 4/2 | 1,599 | $174,900 | $170,900 97.7% of ask |
Apr 19, 2024 |
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