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.
0 Bed
0 Bath
11,728 sq.ft
$0 per sq.ft
Apartment Style
$ 800,000
Active
0
25083033
0
0
11,728
Thomas Apartments
Louisiana
Louisiana R-II
Pike
Residential Income
Apartment Style
Residential Income
$5,654
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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