For Sale
$1,500,000

27 Sunrise Terrace Dr Camdenton, MO 65020

Camdenton, MO: Value-Add Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 23.28-acre mobile home park in Camdenton, Missouri, presents a compelling value-add investment opportunity. Currently boasting 41 total lots – 17 park-owned homes, 13 tenant-owned homes, and 11 vacant lots – the property offers immediate income generation and significant upside potential. The park enjoys 100% occupancy, generating a current Net Operating Income (NOI) of $106,481, representing a 7.10% cap rate on the asking price of $1,500,000. Each tenant's water is metered and billed at $50 per month. Eleven vacant lots are equipped with utilities, ready for immediate infill development, and the property includes additional vacant acreage to the east, providing the potential for expansion with additional homes or an RV component. A pro forma analysis projects a gross annual rent of $305,400, resulting in an 11.80% cap rate upon completion of infill and market rent adjustments. Seller financing is available, making this an attractive investment for both seasoned and emerging investors. The property is located at 27 Sunrise Terrace Drive, Camdenton, MO 65020.

Highlights

  • $1,500,000 asking price for a value-add mobile home park in Camdenton, MO, offering a 7.10% cap rate.
  • 41 total lots: 17 park-owned, 13 tenant-owned, and 11 vacant lots ready for development.
  • Vacant lots are fully equipped with utilities.
  • Water is sub-metered to tenants at $50/month.
  • Significant value-add potential by developing the remaining acreage for additional homes or RV sites.
  • Pro forma shows $305,400 annual gross rent, projecting an 11.80% cap rate after infill and rent increases; seller financing considered.

Property Details for 27 Sunrise Terrace Dr

Property type
Mobile home & RV parks
Lot Size (sq. ft)
1,014,077 SF

Location Insight

City
Camdenton
County
Camden
State
Missouri
Latitude
37.938759504274
Longitude
-92.709440587339

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FAQs

What type of property is this?
Mobile home & RV park - Camdenton, MO: Value-Add Opportunity
Where is the mobile home & rv park located?
The property is located at 27 Sunrise Terrace Dr Camdenton, MO.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price for a value-add mobile home park in Camdenton, MO, offering a 7.10% cap rate.; 41 total lots: 17 park-owned, 13 tenant-owned, and 11 vacant lots ready for development.; Vacant lots are fully equipped with utilities.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

William Capone
William Capone
Tom Gorman
Tom Gorman
Kristen Deninno
Kristen Deninno
Steve Kruszenski
Steve Kruszenski
Visit Broker Website

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Useful Information

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Sunrise Terrace Dr
Camdenton, MO 65020

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Camdenton, MO 65020

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

27 Sunrise Terrace Dr
  • William Capone
    William Capone
  • Tom Gorman
    Tom Gorman
  • Kristen Deninno
    Kristen Deninno
  • Steve Kruszenski
    Steve Kruszenski
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