Beautiful 20-Unit All-Brick Apartment Complex Overlooking $1,600,000

River Lot For Sale

Beautiful 20-Unit All-Brick Apartment Complex Overlooking Courtyard & River Views

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.