Investors take note! This 24 unit apartment complex has the potential to generate $23,276 monthly or $279,312 annually. There is a one bedroom unit being used as an onsite office. This for profit HUD complex offers nice, low maintenance exterior buildings, paved parking for tenants, all in a quiet and flourishing southeast Missouri town where units stay rented! The current manager has a waiting list so vacancies that cut into profits are minimal unless maintenance to the unit requires vacancy! With an onsite manager and management company willing to stay with the purchase, sit back and let the investment pay for itself. This complex generates enough income for the buyer to recoup their investment and still draw profit! There is a rent increase approved for October 1 of this year. The following amounts are current as of date, they will go up based on the amount approved in October. The complex is comprised of the following: 8-1 bedrooms units that gross $829 each 12-2 bedroom units that gross $985 each 4-3 bedroom units that gross $1,206 each CALL TODAY!
Status: Active · MLS# 26024251 · Listing Courtesy of Collins & Associates, [email protected]
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24 Beds
24 Baths
0 sq.ft
$0 per sq.ft
Apartment Style
$ 1,700,000
Active
0
26024251
24
24
City
Doniphan R-I
Ripley
Residential
Apartment Style
Residential
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 530 Ripley 142W-A, Doniphan, MO 63935 | 0/0 | -- | $19,900 | $15,000 75.4% of ask |
Nov 2, 2026 |
| 1369 Ripley 142E-16, Doniphan, MO 63935 | 3/1 | 912 | $109,900 | $109,900 100% of ask |
Oct 30, 2026 |
| 19046 U.S. 160, Doniphan, MO 63935 | 2/1 | 726 | $140,000 | $144,001 102.9% of ask |
Oct 27, 2026 |
| 71 Silver Carp Lane, Doniphan, MO 63935 | 3/1 | 1,053 | $164,000 | $156,000 95.1% of ask |
Oct 27, 2026 |
| 4795 Ripley K-1, Doniphan, MO 63935 | 4/2 | 1,882 | $264,900 | $250,000 94.4% of ask |
Oct 26, 2026 |
| 286 Ripley O-3, Doniphan, MO 63935 | 4/2 | 1,728 | $269,900 | $260,000 96.3% of ask |
Oct 23, 2026 |
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