27 Sunrise Terrace Dr Camdenton, MO 65020
- Mobile home & RV parks
- 23.28 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 27 Sunrise Terrace Dr
- Lot size
- 23.28 lot acres
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Camdenton
- County
- Camden
- State
- Missouri
- Longitude
- -92.7094
- Latitude
- 37.9388
