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.
| MLS # | 25083033 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1978 |
| Days On Site | 299 |
| Listing Provided By | Juncture Real Estate, LLC | Rachel Moses |
| SQ Feet | 11,728 |
|---|---|
| Story(s) | 2 |
| Units | 16 |
| Building(s) | 1 |
| Acreage | 0.37 |
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
| Interior Features | Custom Cabinetry, Dining/Living Room Combo, Eat-in Kitchen, Kitchen/Dining Room Combo, Laminate Counters, Open Floorplan, Shower |
| Window Features | Blinds |
| Appliances | Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater |
| Roof | Composition |
|---|---|
| Construction Materials | Brick, Concrete |
| Lot Features | Back Yard, Garden, Landscaped, Level |
| Fencing | None |
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
| Parking Features | Additional Parking, Alley Access, Concrete, Driveway, On Site, Parking Lot |
| Community Features | Sidewalks, Street Lights |
|---|---|
| Senior Community Yes / No | Yes |
| Utilities | Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected |
|---|---|
| Electric | Ameren |
| Property | 5654 |
|---|
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | Pike R 2 |
| Community Name | Thomas Apartments |
| School District | Louisiana High |
| Elementary School | Louisiana Elem. |
| High School | Louisiana High |
| Listing VS Median (in Thomas Apartments) | |
Price: $800,000 low | high Med: $900,000 sqft: 11,728 low | high Med: 12,574 $ / sqft: $68 low | high Med: $71 On site: 299 low | high Med: 299 | |
| State | MO |
|---|---|
| County | Pike |
| City | Louisiana |
| Zip Code | 63353 |
| Area | Pike R 2 |
| Community Name | Thomas Apartments |
| School District | Louisiana High |
| Elementary School | Louisiana Elem. |
| High School | Louisiana High |
| Listing VS Median (in Thomas Apartments) | |
Price: $800,000 low | high Med: $900,000 sqft: 11,728 low | high Med: 12,574 $ / sqft: $68 low | high Med: $71 On site: 299 low | high Med: 299 | |
![]() | $1,000,000207 S Main StreetLouisiana, MO 63353 |