Estimated payment $6,715/month
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,866
Year Built
- Built in 1983
Lot Details
- 17,990 Sq Ft Lot
Home Design
- 9,630 Sq Ft Home
- Brick Exterior Construction
Bedrooms and Bathrooms
- 24 Bedrooms
- 12 Bathrooms
Schools
- Main Street Elem. Elementary School
- Troy Middle School
- Troy Buchanan High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 157026004014004000
Community Details
Overview
- No Home Owners Association
- 12 Units
Building Details
- 12 Leased Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,866 | $73,140 | $10,328 | $62,812 |
| 2024 | $4,700 | $73,206 | $11,127 | $62,079 |
| 2023 | $4,670 | $69,510 | $9,038 | $60,471 |
| 2022 | $4,361 | $68,063 | $9,939 | $58,124 |
| 2021 | $4,383 | $328,510 | $0 | $0 |
| 2020 | $3,871 | $287,300 | $0 | $0 |
| 2019 | $3,875 | $287,300 | $0 | $0 |
| 2018 | $3,959 | $60,520 | $0 | $0 |
| 2017 | $3,970 | $60,520 | $0 | $0 |
| 2016 | $3,664 | $54,374 | $0 | $0 |
| 2015 | $3,671 | $54,374 | $0 | $0 |
| 2014 | $3,690 | $54,521 | $0 | $0 |
| 2013 | -- | $54,521 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/20/2026 07/20/26 | For Sale | $1,150,000 | +58.6% | $119 / Sq Ft | |
| 10/30/2019 10/30/19 | Sold | -- | -- | -- | View Prior Sale |
| 09/18/2019 09/18/19 | Pending | -- | -- | -- | |
| 08/13/2019 08/13/19 | For Sale | $725,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $543,750 | Future Advance Clause Open End Mortgage | |
| Closed | $545,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $199,000 | New Conventional | |
| Previous Owner | $250,000 | New Conventional | |
| Previous Owner | $200,000 | FHA |
Source: MARIS MLS
MLS Number: MIS26046395
APN: 15-70-26-004-014-004.000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of MARIS MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 340 Kemper St
- 209 John St
- 213 John St
- N Lincoln Dr ( 52+ - Acres)
- 896 E Cherry St
- 391 W Wood St
- 8 Friendship Ct
- 000 Penn
- 0 Merlin Dr Unit xx 21006708
- 0 Turnbull Trail (1-3+ - Acres)
- 774 Sommerset Dr
- Turnbull Trail (1 To 3+ - Acres)
- 1020 W Cherry St
- 145 Ellis Ave
- 5 Woods Fort Ct
- 0 Frenchman Bluff Ln
- 123 Lincoln Ridge Ln
- 0 Turnbull Trail (4-6+ - Acres)
- 41 Graystone Dr
- 224 Carrington Blvd
- 640 Kuhne Heights Unit 640 Kuhne Heights AP
- 6000-9000 Boone Street Commons Ct
- 741 Boone St Unit C
- 212 Alden St
- 618 Trojan Dr
- 431 Harris St
- 40 Mills Trail
- 4 Santo Domingo Dr
- 41 Santo Domingo Dr Unit 41 Santo Domingo Dri
- 32 Elm Tree Rd
- 825 Cedarwood Dr
- 15 Glen Meadows Dr
- 222-228 Truman Ct Unit 222 Truman Ct.
- 4 Quail Run Cir
- 316 Touchdown Dr
- 10 Canyon Creek Ct
- 124 Intrepid Ave
- 1040 Westhaven Blvd
- 2010 Peine Rd
- 100 Parkview Dr
Ask me questions while you tour the home.