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Exceptional investment opportunity featuring a well-maintained $1,400,000

207 S 5th Street, Louisiana, MO 63353

0 br, 0.0 ba, 1978 0 sf
Pike County
Ad #: 7069728

Apartment For Sale near Mississippi River - Clark County

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 Details

  • Beds: 0
  • Baths: 0.0
  • Year Built: 1978
  • Location: Mississippi River - Clark County
  • Acres: 0.360
  • County: Pike County
  • Heat/AC: Hot Water(Heating), Baseboard
  • Garage: Assigned
  • Siding: Brick
  • Roof: Composition
  • Stories: 2
  • Property Taxes: $5,661
  • MLS #: 2594641

Location

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Contact Information:

Contact Agent
Listing Agent: Rachel Moses, Heartland Real Estate Services, 816-301-6531, 816-479-4700 Listing Site, Listing Status: Active
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Apartment For Sale in Louisiana, Missouri
Ad Number : 7069728
Viewed: 181 times
Added: Jan 03, 2026
Updated on: Jan 09, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.