Property 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 MarketsCurrent 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 Features

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