27 Sunrise Terrace DrCamdenton, MO 65020

Property Details for 27 Sunrise Terrace Dr

Lot size

23.28 AC

Property type

Mobile home & RV parks

Description

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.

Location Insight

City

Camdenton

County

Camden

State

Missouri

Latitude

37.9388

Longitude

-92.7094

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