11,728 SqFt
11,728 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family or More
Listing Status Active
Purchase Type For Sale
Square Footage 11,728 sqft
Price per Sqft $68
Subdivision Thomas Apartments
MLS Listing ID 25083033
Style Apartment Style
Year Built 1978
Annual Tax Amount $5,654
Lot Size 0.369 Acres
Acres 0.369
Property Sub-Type 5 Family or More
Property Description
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.
Location
State MO
County Pike
Area 554 - Pike R-2 - Louisiana
Rooms
Basement None
Interior
Interior Features Custom Cabinetry, Dining/Living Room Combo, Eat-in Kitchen, Kitchen/Dining Room Combo, Laminate Counters, Open Floorplan, Shower
Heating Baseboard, Electric
Cooling Wall Unit(s)
Flooring Carpet, Combination, Laminate, Linoleum, Luxury Vinyl, Simulated Wood, Varies
Fireplace N
Appliance Dryer, Exhaust Fan, Electric Oven, Refrigerator, Washer, Water Heater
Laundry Common Area, In Hall, Laundry Room, Lower Level, Multiple Locations, Upper Level
Exterior
Exterior Feature Awning(s), Balcony, Courtyard, Garden, Lighting, No Step Entry, Ramp Entry, Uncovered Courtyard
Parking Features false
Fence None
Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
Roof Type Composition
Private Pool false
Building
Lot Description Back Yard, Garden, Landscaped, Level
Story 2
Water Public
Level or Stories Two
Structure Type Brick,Concrete
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
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "