1607 S Business Route 5

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1607 S Business Route 5

Camdenton, MO 65020
Asking Price
$189K
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Development site consisting of 1.42 acres of land.
  • Property is listed for sale at 189000 dollars.
  • Zoned and ready for an apartment building project.
  • Positioned directly along South Business Route 5 in Camdenton.
  • Strategic location within the growing Lake of the Ozarks region.

What's Special

This 1.42-acre parcel of land in Camdenton, Missouri, is positioned for residential development. Located along South Business Route 5, the site offers visibility and accessibility within a growing community at the Lake of the Ozarks. The property is currently designated for an apartment building, providing a clear path for developers seeking to add multi-family inventory to the local housing market. Camdenton serves as a central hub for the region, benefiting from consistent tourism and a steady year-round population that supports a variety of housing needs. Investors will find this plot well-situated for projects ranging from garden-style complexes to smaller multi-family configurations, capitalizing on the regional demand for quality rental housing. The land sits at coordinates 37.9935, -92.7217, offering a straightforward development opportunity for those looking to expand their portfolio in this established submarket.

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NOI
$80,000
Cap Rate
42.33%
DSCR
7.13
Strong
Cash-on-Cash
121.30%
Monthly Payment
$935.069
Annual Cash Flow
$68,779.173

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