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. *Purchaser must qualify for approval by the U.S. Department of Housing and Urban Development, including submission and approval of HUD Form 2530. Prior ownership or management experience with Housing Assistance Payments Program or other HUD-assisted housing is preferred but not mandatory. *Owned by the same party as 207 South Main Street, this property can be acquired together with it to create a larger multifamily portfolio. Please see the 207 South Main Street listing in Louisiana, MO, also under same ownership.