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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.
| DAYS ON MARKET | 11 | LAST UPDATED | 7/20/2026 |
|---|---|---|---|
| TRACT | Browns Add | YEAR BUILT | 1983 |
| COMMUNITY | 458 - Troy R-3 | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Main Street Elem. |
|---|---|
| Jr. High School | Troy Middle |
| High School | Troy Buchanan High |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 458 - Troy R-3 |
| CONSTRUCTION | Brick |
| HEAT | Baseboard |
| LOT | 0.413 acre(s) |
| STYLE | Apartment Style |
| SUBDIVISION | Browns Add |
| TAXES | 4866 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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