838 S State Highway 7 - Apartments FOR SALE


Camdenton, MO 65020
$1,700,000 USD
314-954-9912
838 S State Highway 7, Camdenton, MO for Sale
$1,700,000 USD
Apartments - FOR SALE
1/4
null | 6.62% Cap Rate

838 S State Highway 7
Camdenton, MO 65020


HIGHLIGHTS

  • Fully stabilized 16-unit core with 100% occupancy
  • Two additional units ready for renovation and lease-up
  • Long-term tenant base with consistent rent history
  • Below-market rents offer repositioning upside
  • Located near Highway 5 and regional airport access
  • Built in 2008 with strong structural fundamentals

OVERVIEW

Welcome to 838 S Hwy 7 — a cash-flowing multifamily opportunity in the growing Camdenton submarket, just minutes from Highway 5 and the Camdenton Memorial-Lake Regional Airport. This 18-unit property features 16 stabilized units that are 100% occupied with long-term tenants, providing consistent in-place income. Value-add potential exists with 2 additional units in need of rehab, offering upside through increased unit count and cash flow. Furthermore, the current rents are below market, providing an additional layer of income growth through repositioning. Highlights include: 18 total units (16 occupied / 2 ready for rehab) 100% occupancy across finished units Long-term tenants with stable rent history Significant value-add potential through interior renovations and rental increases Below-market rents – seller has not brought units to current market levels Prime location near major highways and regional airport 838 S Hwy 7 is located just southeast of downtown Camdenton, Missouri. The property sits along Highway 7, near its intersection with Highway 5, offering strong regional connectivity. It’s conveniently located near Camdenton Memorial-Lake Regional Airport, providing easy access for general aviation without being directly adjacent.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

18

PRICE/UNIT

$94,444

CAP RATE

6.62%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18 Unit Multi-Family Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

Multi-Family

APN/PARCEL ID

19-2.0-03.0-000.0-000-002.007

ASK ABOUT THIS PROPERTY

Eddie AboussieBarberMurphy GroupMore Info
314-954-9912

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Eddie AboussieBarberMurphy GroupMore Info
314-954-9912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.