Troy Homes with Apartment Style

Troy Homes with Apartment Style

Welcome to Troy, Missouri – a charming city nestled in Lincoln County that perfectly blends small-town warmth with modern conveniences. Known for its picturesque landscapes and vibrant community, Troy offers a welcoming atmosphere for families, professionals, and retirees alike. With its rich history, friendly residents, and an array of recreational opportunities, it’s no wonder that Troy is a sought-after destination for homebuyers.

Troy boasts a variety of housing options, but one of the standout features of this area is its apartment-style homes. These residences cater to a diverse range of lifestyles, whether you’re a young professional seeking a low-maintenance living space or a family looking for a cozy community. Many of these homes come equipped with modern amenities, spacious layouts, and communal areas that foster a sense of belonging among neighbors.

Living in Troy means you’re just a stone's throw away from beautiful parks, local shops, and delicious dining options. The city is also conveniently located near major highways, making commutes to nearby cities a breeze. For those who appreciate the great outdoors, Troy offers ample opportunities for hiking, fishing, and enjoying nature.

As you explore the apartment-style homes available in Troy, you’ll discover that this city is not just a place to live, but a place to thrive. With its unique blend of tranquility and accessibility, Troy, MO, is the perfect backdrop for your next chapter. Experience the charm of Troy – where your dream home awaits!

Newest Troy Homes with Apartment Style

$1,150,000
26046395 MLS ⋅ ACTIVE Status
Excellent opportunity to acquire a high-occupancy 12-unit apartment complex with 12 additional on-site storage units in the rapidly growing Troy, Missouri market. Offered at $1,150,000, this stabilized investment features a mix of one-bedroom and two-bedroom apartments along with twelve storage units, providing diversified income and long-term upside. Current gross rental income is $10,355 per month with market rent potential estimated at approximately $10,900 per month. Annual NOI is approximately $81,595, reflecting a 7.1% cap rate at the asking price. Most apartment units have already been renovated, minimizing immediate capital expenditures while leaving additional value-add potential through future rent increases and storage income optimization. Investment Highlights: • 12 Apartment Units • 12 On-Site Storage Units • High Occupancy • Mix of 1-Bedroom & 2-Bedroom Units • Most Units Renovated • Current Gross Monthly Rent: $10,355 • Estimated Market Rent: $10,900+/Month • Annual NOI: Approximately $81,595 • 7.1% Cap Rate at Asking Price • Strong Workforce Housing Demand • Limited Competing Apartment Inventory • Located in One of Lincoln County's Fastest-Growing Markets Current rent roll, T-12 financials, and additional income/expense information are available upon request. Property is being offered subject to interior inspection. To minimize disruption to tenants, interior showings will be scheduled following an accepted contract.

560 E Cherry St, Troy
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