151 Colonial Lane Investment Opportunity in the Heart of Troy, MO - R3 Zoned Property Fantastic development potential on this over 1-acre parcel located right in the heart of Troy. Zoned R3 - Multi-Family Residential, this property currently features a 3-bedroom, 3-bathroom home with an attached 2-car garage and a detached 1-car garage-perfect for storage, workshop space, or future tenant use. Some work is currently being finished on the home, making it even more move-in or rent-ready while you plan your development. A site plan is already in place to expand the property with: • Two duplexes – Each with 3 bedrooms and 2 bathrooms • Two single-family dwellings – Each with 2 bedrooms and 1 bathroom Whether you’re looking to build out a full investment portfolio or add more rental units in a growing area, this property is shovel-ready for your vision. Utilities are accessible, and the central location offers unmatched convenience for future tenants.