Lincoln Homes with Apartment Style

Welcome to Lincoln County, Missouri, where charming small-town life meets the beauty of nature! Nestled just north of St. Louis, the county offers a delightful blend of rural serenity and modern conveniences, making it an ideal place to call home. Troy, the county seat, is a vibrant city that boasts a rich history, friendly community, and a plethora of amenities that cater to families, professionals, and retirees alike.

Lincoln County is renowned for its picturesque landscapes, featuring lush parks, serene lakes, and winding rivers that provide ample opportunities for outdoor recreation. Whether you're hiking the scenic trails, fishing in the crystal-clear waters, or simply enjoying a picnic in one of the many parks, the natural beauty of this area is sure to captivate you.

When it comes to housing, Lincoln County offers a variety of options, including stunning homes with apartment-style layouts. These residences are perfect for those seeking a blend of comfort and convenience, providing ample living space along with the versatility of separate areas for work or leisure. Imagine enjoying your morning coffee on a private balcony or unwinding in an expansive living room that seamlessly flows into a modern kitchen. The apartment-style homes in Troy are designed to suit diverse lifestyles, whether you're a growing family, a young professional, or someone looking to downsize without compromising on quality.

In Lincoln County, you’ll find not just a home, but a community that welcomes you with open arms. Explore the local shops, indulge in delicious dining options, and partake in community events that foster connections and friendships. Discover the charm of Lincoln County and envision your next chapter in this enchanting corner of Missouri!

Newest Lincoln Homes with Apartment Style

$1,020,000

26053406 MLS ⋅ ACTIVE Status

Great opportunity to acquire a 6-unit apartment building conveniently located off Main St in Troy. All 6 units received a uniform renovation in 2023. The building is fully occupied, and the current rent roll totals $8125 a month. All units have two bedrooms upstairs and one bedroom in the basement with a walkout door to a patio. There is a full bath upstairs and half bath on the main level. There is an unfinished area in each unit’s basement with washer and dryer hookups and some additional storage space. The units are all electric paid for by the tenant. One shared water meter for the building and current ownership does not do any billback to tenants. Roof is 3 years old. Additional expense information is 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. Do not disturb tenants

195 Lewis St, Troy

$1,150,000

26046395 MLS ⋅ ACTIVE Status

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.

560 E Cherry St, Troy

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