207 S Main ST Louisiana, MO 63353
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 13,420 sqft
Price per Sqft $119
Subdivision Original Town
MLS Listing ID 25083020
Style Apartment Style
Year Built 1978
Annual Tax Amount $6,518
Lot Size 0.335 Acres
Acres 0.335
Property Sub-Type 5 Family or More
Property Description
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.
Location
State MO
County Pike
Area 554 - Pike R-2 - Louisiana
Interior
Interior Features Dining/Living Room Combo, Eat-in Kitchen, Laminate Counters, Open Floorplan
Heating Baseboard, Electric
Cooling Wall Unit(s), Wall/Window Unit(s), Window Unit(s)
Flooring Carpet, Combination, Laminate, Linoleum, Luxury Vinyl
Fireplace N
Appliance Electric Cooktop, Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater
Laundry 2nd Floor, Common Area, In Hall, Laundry Room, Lower Level, Main Level, Multiple Locations
Exterior
Exterior Feature Balcony, Courtyard, Entry Steps/Stairs, Garden, Lighting, Ramp Entry, Uncovered Courtyard
Parking Features false
Utilities Available Electricity Available, Sewer Available, Water Available
View Y/N No
Roof Type Composition
Private Pool false
Building
Lot Description Garden, Landscaped, Natural Foliage, Near Park, Near Public Transit, Views, Waterfront
Story 2
Water Public
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Louisiana Elem.
Middle Schools Louisiana Middle
High Schools Louisiana High
School District Louisiana R-Ii
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listing As Is
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