Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1978
Sq.Footage
11,728
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.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Laminate Counters, Open Floorplan
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
10000.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Baseboard, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Concrete
-
Other Exterior Features
Awning(s), Balcony, Courtyard, Garden, Lighting, Uncovered Courtyard
-
Parking
Additional Parking, Alley Access, Concrete, Driveway, On Site, Parking Lot
-
Patio and Porch Features
Covered, Deck, Front Porch, Patio, Porch, Wrap Around
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Features
Back Yard, Garden, Landscaped, Level
-
Lot Size(acres)
0.369
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$1,400,000
-
Tax Amount
$5,654
-
Sq. Footage
11, 728
-
Price/SqFt
$119
HOA
-
Association
No
School District
-
Elementary School
Louisiana Elem.
-
Middle School
Louisiana Middle
-
High School
Louisiana High
Property Features
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp, Accessible Bedroom, Accessible Central Living Area, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Stairway, Accessible Washer/Dryer, Customized Wheelchair Accessible, Walker-Accessible Stairs
-
Foundation Details
Brick/Mortar, Slab
-
Ownership
Private
-
Senior Community YN
YES
-
Water Source
Public
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Location
County
Pike
Elementary School
Louisiana Elem.
Middle School
Louisiana Middle
High School
Louisiana High
Listing Courtesy of Rachel Moses , Juncture Real Estate, LLC
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