Myetta Meadows - Camdenton, MO
1 Unit Mobile Home Park | $1,500,000 ($1,500,000/Unit) | 7.10% Cap Rate | Camdenton, MO 65020
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,500,000
- Property Type
-
Multifamily
Listing Contacts
Kristen Deninno
Verified Profile
William Capone
Verified Profile
Stephen Kruszenski
Verified Profile
Cody Jaggwe
Verified Profile
Thomas Gorman
Verified Profile
- Property Info
Property Overview
Sands Investment Group is Pleased to Exclusively Offer For Sale Myetta Meadows Located at 27 Sunrise Terrace Drive in Camdenton, MO. This Deal Includes 41 Total Lots, Comprising 17 Park Owned Homes, 13 Tenant Owned Homes and 11 Vacant Lots. Also, a Value-Add Opportunity to Infill Vacant Lots, Increase Rents & Utilize Vacant Acreage to Provide For a Secure Investment.
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BOR: Tom Gorman Lic. MO #2023012377
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BOR: Tom Gorman Lic. MO #2023012377
Property Details
- Year Built
- 2000
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home, Dormitory
- Lot Size (sq. ft)
- 1,014,077 SF
- Units
- 1
Highlights
- 41 Total Lots Comprised of 17 Park Owned Homes, 13 Tenant Owned Homes & 11 Vacant Lots
- Vacant Sites Equipped With Utilities, Ready For Infill
- Water Billed Back to Each Tenant at $50 Per/Month
- Add Value By Utilizing Vacant Acreage to the East to Add More Homes or an RV Component
- Pro-Forma Gross Yearly Rent at Market Levels: $305,400; Cap Rate of 11.80%, After 11 Sites Are Infilled and Rents Are Brought to Market Levels
- Seller Will Consider Seller Financing
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