Active
1020 E Washington
Doniphan, MO 63935
$1,700,000
24 beds · 24 baths
Listing office: Collins & Associates
Photo 1 of 1
About this home
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!
Home facts
- Bedrooms
- 24
- Bathrooms
- 24
- Lot size
- 2.2 acres
- Property type
- Residential · Townhouse
- Year built
- 1982
- Subdivision
- City
- Days on market
- 169
- Listed on
- Apr 21, 2026
- Listing office:
- Collins & Associates, 573-996-4600
- Listing agent:
- Tim Hollinger
- MLS number:
- 26024251
Presented by Narrative Real Estate, 314-480-5353, jess@jessicaberchtold.com
Listings displaying the MARIS logo are courtesy of the participants of the Mid America Regional Information Systems Internet Data Exchange.
© 2026 Mid America Regional Information Systems, Inc. All rights reserved.
MARIS data last updated at October 24, 2026 at 3:30 AM CDT.
Information from third parties, deemed reliable but not verified. All data is obtained from various sources and may not have been verified by the broker or the MLS. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office or agent presenting the information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.