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560 E Cherry Street, Troy, MO 63379

Troy
Local realty services provided by:CENTURY 21 Broughton Team
560 E Cherry Street,Troy, MO 63379
$1,150,000
  • - Beds
  • - Baths
  • 9,630 sq. ft.
  • Multi-family
  • Active
Listed by: andrew burtt
Office: magnolia real estate
MLS#:26046395
Source:MO_MARIS

Price summary

  • Price:$1,150,000
  • Price per sq. ft.:$119.42

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...

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Home facts

  • Year built:1983
  • Listing ID #:26046395
  • Added:7 day(s) ago
  • Updated:July 28, 2026 at 03:52 PM

Rooms and interior

  • Living area:9,630 sq. ft.

Heating and cooling

  • Cooling:Wall Unit(s)
  • Heating:Baseboard

Structure and exterior

  • Year built:1983
  • Building area:9,630 sq. ft.
  • Lot area:0.41 Acres
  • Architectural Style:Apartment Style
  • Construction Materials:Brick

Schools

  • High school:Troy Buchanan High
  • Middle school:Troy Middle
  • Elementary school:Main Street Elem.

Finances and disclosures

  • Price:$1,150,000
  • Price per sq. ft.:$119.42
  • Tax amount:$4,866 (2025)
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