Residential Income for Sale: 560 E Cherry Street, Troy, MO 63379

$1,150,000
$1,150,000
560 E Cherry Street, Troy, MO 63379
$1,150,000
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Price:
$1,150,000
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Type Residential Income
Total Living Area 9,630 sqft
Lot Size 0.41 acres
Year Built 1983
Taxes Paid $4,866
City Troy
County Lincoln
School District Troy R-III
Subdivision Browns Add
MLS 26046395
Status Active
DOM 48 days
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.

Lot & Building Features

Architecture Apartment Style
Construction Brick
Cooling Wall Unit(s)
Heating Baseboard
Tax Year 2025
Taxes Paid $4,866

Community and Schools

Elementary School Main Street Elem.
Junior High School Troy Middle
Senior High School Troy Buchanan High

Price History of 560 E Cherry Street, Troy, MO

Date Name Price Difference
07/20/2026 Listing Price $1,150,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Photo of Andrew Burtt
Andrew Burtt
REALTOR®
Direct: 636-544-1159
Office
830 Waterbury Falls Dr # 201
O'Fallon, MO 63368
636-442-0214

I agree to receive marketing and customer service calls and text messages from Magnolia Real Estate. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service

Listed by Magnolia Real Estate, Andrew Burtt
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560 E Cherry Street (MLS #26046395) is a residential income listing located in Troy, MO. This is a residential income listing with a lot of 17,990 sqft (or 0.41 acres). This property was listed on 07/20/2026 and has been priced for sale at $1,150,000.

Nearby zip codes are 63362, 63389 and 63390. This property neighbors other cities such as Moscow Mills, Winfield and Wright City.

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Listing information courtesy of: Magnolia Real Estate

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