Troy R-III Homes with Apartment Style

Troy R-III Homes with Apartment Style

Welcome to Troy, Missouri, a charming city nestled in Lincoln County that boasts a vibrant community and an excellent school district—Troy R-III. Known for its commitment to quality education, the Troy R-III School District serves students from preschool through high school, providing a supportive and enriching environment that encourages academic excellence and personal growth. With dedicated teachers, innovative programs, and a wide array of extracurricular activities, families can rest assured that their children will receive a well-rounded education.

Troy is not just about great schools; it’s also a fantastic place to call home. The city features a variety of housing options, including spacious homes designed in an apartment-style layout. These homes are perfect for families seeking comfort and convenience, often featuring open floor plans, modern amenities, and easy access to local parks and recreational facilities. With the ability to enjoy both community living and private space, apartment-style homes in Troy offer the best of both worlds.

Living in Troy means you’re surrounded by the beauty of Missouri’s landscapes while enjoying a tight-knit community atmosphere. From local shops and dining to outdoor activities and cultural events, there’s always something to do. Whether you’re a first-time homebuyer or looking to relocate, Troy’s inviting neighborhoods and strong educational framework make it an ideal choice for families and individuals alike. Experience the charm of Troy, where quality living meets exceptional schooling in the heart of Lincoln County!

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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