INVESTMENT OVVERING
SAB Capital is pleased to present Smith’s Apartments, a family-designated apartment community located in Doniphan Missouri. The community consists of 24 units, with 100% of the units covered by Project-Based Section 8 subsidy contracts renewed under Option 4.
Constructed in 1982, Doniphan Manor Apartments is a garden-style community situated on approximately 3 acres. The property features a mix of one-, two-, and three-bedroom units with standard in-unit amenities such as kitchens with ranges and refrigerators, carpeting and vinyl flooring, and cable readiness. Historically supported by a long-term Section 8 HAP contract, the property has demonstrated strong occupancy and stable operations. It lies at the junction of US Route 160 and Missouri Route 142, with the Current River flowing nearby, making it an accessible and scenic small town.
- Smith’s Apartments in Doniphan, MO | Largest City in Ripley County
- 100% Project Based Section 8 Subsidy Contract | Renewed Under Option 4 for 20 Years in 2008
- Located in Quality Census Tract (QCT) | 30% Eligible Basis Boost for Federal LIHTC
- Increased Housing Demand | From 2010-2024 Population in Five Mile Radius Grew by 18.1%
- Desirable Unit Mix | 50% of Units are 2 Bedrooms
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Smith's Apartments | $ | % | 18,616 | Available |
