Courtesy: Magnolia Real Estate
636-442-0214
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.
Courtesy: Trelora Realty, Inc
872-228-2038
Investment Opportunity – 391/393 West Wood St., Troy, MOTurnkey duplex investment in the heart of Troy! Located just minutes from downtown Troy, schools, shopping, and Highway 61, this well-maintained property offers an excellent opportunity. The property consists of two spacious units featuring modern updates, functional floor plans, fully fenced yards, and strong rental appeal. The units offer approximately 1,200–1,800 square feet of living space, with three-bedroom layouts, washer/dryer hookups, off-street parking, and private outdoor space.
Courtesy: MISCROU01
9.523 acres in the city limits of Troy! Zoned R3PD. This is a developer's dream! Perfect location for multi-family units with city utilities. Property is in a convenient location off South 3rd Street, close to local shopping and actually joins Troy City Park. Never offered for sale in your lifetime, as property has been owned by the same family for well over 100 years! $135,000/acre
Courtesy: MISNICR01
Commercial/Multifamily Investment Opportunity – Troy, MO Great income-producing property conveniently located near Hwy 61 in Troy, Missouri. This versatile, 2 acre investment includes a duplex and 21 storage units, offering multiple revenue streams in a high-demand area, & room for GROWTH! The duplex features: • One unit with 2 beds, 1 bath, full basement with laundry, currently leased. • Second unit with 1 bed, 1 bath, full basement and laundry, with tenant vacating in June, providing owner-occupant or new lease potential. The property is on public water and sewer, ensuring low maintenance and utility access. Situated behind the duplex are 21 storage units of varying sizes, fully rentable and ideal for generating consistent monthly income. Great for investors or owner-occupants Don’t miss this chance to own a multifaceted investment property in a growing area!
Courtesy: Drewel Realty, Llc
636-462-7414
Prime Location Positive Cash Income 3 Units + 2 Storage Areas = $28,200 Annual Gross Income 4th Unit Under Construction for future added $10,800 Annual Gross Income. .640 Acre Gives Plenty of Room for Additional Income Producing Ventures. Currently Zoned C-3 For Business use. Currently used for Multi Family Rental Property. Tenant's Rights Long Term Tenants Month to Month Leases in Place. Lincoln Drive with Highway Frontage & Highway 61 Visibility can be easily converted back to Commercial if desired.
Courtesy: Nichols Real Estate
636-528-9501
Commercial/Multifamily Investment Opportunity – Troy, MO Great income-producing property conveniently located near Hwy 61 in Troy, Missouri. This versatile, 2 acre investment includes a duplex and 21 storage units, offering multiple revenue streams in a high-demand area, & room for GROWTH! The duplex features: • One unit with 2 beds, 1 bath, full basement with laundry, currently leased. • Second unit with 1 bed, 1 bath, full basement and laundry, currently leased. The property is on public water and sewer, ensuring low maintenance and utility access. Situated behind the duplex are 21 storage units of varying sizes, fully rentable and ideal for generating consistent monthly income. Great for investors or owner-occupants Don’t miss this chance to own a multifaceted investment property in a growing area!
Courtesy: Crouse REALTORS Inc
636-528-8213
9.523 acres in the city limits of Troy! Zoned R3PD. This is a developer's dream! Perfect location for multi-family units with city utilities. Property is in a convenient location off South 3rd Street, close to local shopping and actually joins Troy City Park. Never offered for sale in your lifetime, as property has been owned by the same family for well over 100 years! $135,000/acre
Troy is located in Missouri. Troy, Missouri has a population of 12,463. Troy is less family-centric than the surrounding county with 27.15% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Troy, Missouri is $73,406. The median household income for the surrounding county is $76,622 compared to the national median of $69,021. The median age of people living in Troy is 34.1 years.
The average high temperature in July is 88.7 degrees, with an average low temperature in January of 20.2 degrees. The average rainfall is approximately 41.2 inches per year, with 15.2 inches of snow per year.
