123 Co Rd, Annapolis, MO 63620
This exceptional 29-acre property in Iron County, Missouri, presents a unique investment opportunity. Located off County Road 123 near Glover, MO, zip code 63620 (latitude 37.4755431, longitude -90.6707365), the land is primarily comprised of pastureland, ideal for various uses. The property includes a three-bedroom, two-bathroom single-wide mobile home, currently generating a monthly rental income of $500. Built in 2003, this mobile home provides immediate cash flow. The location offers unparalleled access to popular outdoor attractions, including the Black River, Johnson's Shut-Ins State Park, and Elephant Rocks State Park, making it attractive for recreational pursuits or tourism-related ventures. The peaceful setting provides an ideal location for building a home or developing a small-scale commercial enterprise. The asking price for this expansive property is $399,999. This represents a compelling opportunity to acquire a significant landholding with existing income potential in a desirable location. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.