Troy R-III Homes with Apartment Style

Troy R-III Homes with Apartment Style

Welcome to Troy, Missouri, where the charm of small-town living meets the vibrancy of a growing community! Nestled in the heart of Lincoln County, Troy is not only known for its picturesque landscapes but also for its commitment to quality education, anchored by the Troy R-III School District.

The Troy R-III School District is dedicated to fostering an environment where students can thrive academically and socially. With a focus on innovative teaching methods and a diverse curriculum, the district serves students from pre-kindergarten through high school, ensuring a well-rounded educational experience. Parents can feel confident knowing that their children are receiving a top-notch education in a supportive and nurturing atmosphere. The district's commitment to excellence is reflected in its dedicated faculty, modern facilities, and a variety of extracurricular activities that cater to a range of interests.

In addition to its educational offerings, Troy boasts a variety of housing options, including charming apartment-style homes that cater to a range of lifestyles. These residences are perfect for families, young professionals, and retirees alike, providing a comfortable and convenient living experience. Many of these homes are thoughtfully designed, featuring spacious layouts, modern amenities, and community access to parks and recreational facilities, making it easy to enjoy the best of what Troy has to offer.

Whether you're drawn to the excellent schools, the welcoming community, or the appealing homes, Troy, MO, is a place where you can truly feel at home. Explore the possibilities and discover your dream home in this delightful city!

Newest Troy R-III 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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