USAMOTroyBrowns Add560 E Cherry St
Listing image | Image 1

560 E Cherry St, Troy, MO

House

For Sale

Listed price in listed location currency (USD).
$1,150,000

000

MLS® 26046395

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9630 sqft
Garage 
Taxes $4,866
Days Active 1
Lot Size 0.413 Acres
Approx. Age 1983
Avg. Price Per Sqft $119
MLS® Number 26046395

Property Address: 560 E Cherry St, Troy, MO, 63379-1428

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26046395
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1983
Basement
Driveway
Garage Spaces
HeatBaseboard
A/CWall Unit(s)

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 20, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
560 E Cherry St, Troy, MO

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