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18 Unit Multi-Family Investment 838 S State Highway 7 18 Unit Apartment Building $2,304,010 CAD ($128,001 CAD/Unit) 6.62% Cap Rate Camdenton, MO 65020
Investment Highlights
- Fully stabilized 16-unit core with 100% occupancy
- Long-term tenant base with consistent rent history
- Located near Highway 5 and regional airport access
- Two additional units ready for renovation and lease-up
- Below-market rents offer repositioning upside
- Built in 2008 with strong structural fundamentals
Executive Summary
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.
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.
Property Facts
| Price | $2,304,010 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $128,001 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 3.67 AC |
| Cap Rate | 6.62% | Building Size | 25,528 SF |
| No. Units | 18 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2008 |
| Zoning | Multi-Family | ||
| Price | $2,304,010 CAD |
| Price Per Unit | $128,001 CAD |
| Sale Type | Investment |
| Cap Rate | 6.62% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.67 AC |
| Building Size | 25,528 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built | 2008 |
| Zoning | Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
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Property Taxes
| Parcel Number | 19-2.0-03.0-000.0-000-002.007 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $220,562 CAD |
Property Taxes
Parcel Number
19-2.0-03.0-000.0-000-002.007
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$220,562 CAD
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18 Unit Multi-Family Investment | 838 S State Highway 7
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