BEDS0
BATHS
SQUARE FEET11,728
MLS#25083033
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONThomas Apartments
SCHOOLLouisiana R-II
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Wall Unit(s)
Heating: Baseboard, Electric
Home Style: Apartment Style
Lot Size: 0.37 Acres
Roof Type: Composition
Taxes: $5,654
Year Built: 1978
Amenities
Custom Cabinetry
Dining/Living Room Combo
Eat-in Kitchen
Kitchen/Dining Room Combo
Laminate Counters
Open Floorplan
Shower
Feature Descriptions
Appliances: Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater
Days on Site: 61
Exterior: Brick, Concrete
Fencing: None
Laundry: Common Area, In Hall, Laundry Room, Lower Level, Multiple Locations, Upper Level
Lot: Back Yard, Garden, Landscaped, Level
Parcel#: 08-04-18-004-043-001.000
Parking: Additional Parking, Alley Access, Concrete, Driveway, On Site, Parking Lot
Parking Notes: Additional Parking, Alley Access, Concrete, Driveway,
SQFT. Above Grade: 10000
Units: 16
Water: Public
Window: Blinds
Local Schools
High School: Louisiana High
Middle School: Louisiana Middle
Elementary School: Louisiana Elem.
School District: Louisiana R-II
Listed By / Shown By
Listed By
Agency Name: Juncture Real Estate, LLC
Shown By
Agent Name: Michael Simon
Agent Phone: (314) 757-9700
Agency Title: RedKey Realty Leaders
Estimate Your Payment
Estimated Payment
$ 8,506.90 per month $7,627.40 Principal & Interest $471.17 Property Tax $408.33 Homeowner's InsuranceChange Payment Information
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207 S 5th Street | MLS# 25083033
This multi-family property located at 207 S 5th Street, Louisiana, MO 63353 is currently listed for sale with an asking price of $1,400,000. S 5th Street is located within the Louisiana R-II school district. Search Louisiana real estate on www.simonsellsstl.com today.