Myetta Meadows | Camdenton, MO
Sands Investment Group is Pleased to Exclusively Offer For Sale Myetta Meadows Mobile Home Park Located at 27 Sunrise Terrace Drive in Camdenton, MO. This Deal Includes 45 Total Lots, Comprising 17 Park Owned Homes, 14 Tenant Owned Homes and 14 Vacant Lots. Also, a Value-Add Opportunity to Infill Vacant Lots, Increase Rents & Utilize Vacant Acreage to Provide For a Secure Investment.
- 45 Total Lots Comprised of 17 Park Owned Homes, 14 Tenant Owned Homes & 14 Vacant Lots
- Park Priced Around $33,000 Per Unit
- County Water & Private Sewer System
- Water Billed Back to Each Tenant at $50 Per/Month
- Sub-Metered Electric
- Add Value By Utilizing Vacant Acreage to the East to Add More Homes or an RV Component
- Pro-Forma Gross Yearly Rent at Market Levels: $339,000; Cap Rate of 13.30%, After 14 Sites Are Infilled and Rents Are Brought to Market Levels
In Cooperation With Sands Investment Group Missouri, LLC – Lic. #2019044754 BoR: Tom Gorman – Lic. MO #2023012377
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