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.
- Heating System:
- Baseboard, Hot Water
- Cooling System:
- Window Unit(s)
- Parking:
- Paved, Assigned
- Utilities:
- Ind Heat And Air, Ind Water Heaters
- Exterior Features:
- Balcony
- Interior Features:
- Apply To All Units
- Laundry Features:
- Utility Room, Central Laundry
- Sewer:
- Public Sewer
- Zipcode:
- 63353
- Street:
- 5th
- Street Number:
- 207
- Street Suffix:
- Street
- Longitude:
- W92° 57' 4.2''
- Latitude:
- N39° 26' 52.9''
- Street Dir Prefix:
- S
- Zoning:
- other
- Directions:
- South on highway 79, west on south Carolina street, and turn south on south 5th street. The apartment complex is located on the corner of south Carolina street and south 5th street.
- Mls Area Major:
- 999 - Other Missouri Area
- High School District:
- Other
- Office Name:
- Juncture
- Agent Name:
- Rachel Moses
- Tax Annual Amount:
- $0
- Association Fee:
- $0
- Stories Total:
- 2
- Water Source:
- Public
- Accessibility Features:
- Accessible Approach with Ramp, Accessible Bathroom, Accessible Common Area, Accessible Doors, Accessible Hallway(s), Accessible Kitchen, Accessible Bedroom, Accessible Central Living Area
- Construction Materials:
- Brick
- Foundation Details:
- Slab
- Number Of Units Total:
- 16
- Association Fee Frequency:
- None
- List Agent Mls Id:
- RMOSES
- List Office Mls Id:
- DREA
- Listing Term:
- Cash, Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2026-07-25T21:40:10Z
- Originating System Name:
- HMLS
Community: Other, Residential Income For Sale
207 S 5th Street, Louisiana, Missouri 63353
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 2594641
- Price :
- $800,000
- Year Built :
- 1978
- Status :
- Active
- Property Sub Type :
- Apartment
