122 Highland Glen Court, Camdenton, MO 65020

Property Description

Investment opportunity in Camdenton, Missouri! Situated on approximately 3.51 acres of B-2 commercially zoned land, this 10-unit income-producing property features a fourplex with two 1-bedroom apartments, two 2-bedroom apartments, and six mobile home pads. Three pads are currently leased at $215 per month, while the remaining three pads and all four apartments offer significant value-add potential. With an estimated $50,000 in interior improvements, projected apartment rents range from $850 to $900 per month. At full occupancy, the property offers a projected annual gross rental income of $57,480 and stabilized NOI of $41,318, representing a potential 12.71% cap rate at the asking price. Conveniently located along Business Route 5 with approximately 322 feet of road frontage, excellent visibility, and easy access to downtown Camdenton and Lake of the Ozarks amenities. An excellent opportunity for investors seeking rental income potential, commercial zoning, and room for growth. Financial projections are estimates and subject to buyer verification.