Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1978
Sq.Footage
13,420
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.
Features & Amenities
Interior
-
Other Interior Features
Eat-in Kitchen, Laminate Counters, Open Floorplan
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Above Grade Finished Area
12000.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Wall Unit(s), Wall/Window Unit(s), Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Baseboard, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Balcony, Courtyard, Garden, Lighting, Uncovered Courtyard
-
Parking
Additional Parking, Concrete, On Site, Parking Lot
-
Patio and Porch Features
Covered, Deck, Patio, Wrap Around
-
Pool
No
-
Waterfront YN
YES
Area & Lot
-
Lot Features
Garden, Landscaped, Near Public Transit, Views, Waterfront, Native Plants
-
Lot Size(acres)
0.335
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
-
Architectural Style
Apartment Style
Price
-
Sales Price
$1,600,000
-
Tax Amount
$6,518
-
Sq. Footage
13, 420
-
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 Washer/Dryer, Customized Wheelchair Accessible
-
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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