Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Ceiling Fan(s), Central Air

  • Fireplace YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Unknown

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.333

  • Lot Size(square feet)

    14,505

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    Apartment Style

Price

  • Sales Price

    $1,020,000

  • Tax Amount

    $3,338

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Main Street Elem.

  • Middle School

    Troy Middle

  • High School

    Troy Buchanan High

Property Features

  • New Construction

    NO

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Location

County

Lincoln

Elementary School

Main Street Elem.

Middle School

Troy Middle

High School

Troy Buchanan High

Listing Courtesy of Andrew Luetkenhaus , Luetkenhaus Properties

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Agent Colleen Brown

Broker

Colleen Brown

Call Colleen today to schedule a private showing.


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Great opportunity to acquire a 6-unit apartment building conveniently located off Main St in Troy. All 6 units received a uniform renovation in 2023. The building is fully occupied, and the current rent roll totals $8125 a month. All units have two bedrooms upstairs and one bedroom in the basement with a walkout door to a patio. There is a full bath upstairs and half bath on the main level. There is an unfinished area in each unit’s basement with washer and dryer hookups and some additional storage space. The units are all electric paid for by the tenant. One shared water meter for the building and current ownership does not do any billback to tenants. Roof is 3 years old. 

Additional expense information is 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.

Do not disturb tenants

195 Lewis Street

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Related Properties

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.
#26046395

Troy

560 E Cherry Street

None Beds

None Baths

9,630 Sq.Ft.

$1,150,000

MLS#: 26046395

 - property

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