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Hidden Hills Creek 1732 Highway 54

7 Unit Apartment Building $799,000 ($114,143/Unit) 10.98% Cap Rate Eldon, MO 65026

Investment Highlights

  • 7 Incoming Producing Units
  • Privacy
  • Zoom to Expand

Executive Summary

A private and unique income producing property in a great location with a parklike setting! This property is gated with a gorgeous custom electric gate for added security & is made up of 6 rental units that include 2-1 bed/1 bath custom built cabins, 2 brand new high end mobile homes, 2 modern container homes with spacious wrap around decks & a RV & RV pad that can be used as a 7th rental. The harmonious blend of rustic charm & modern finishings makes this property ideal for nature loving tenants & those seeking a peaceful escape from the hustle & bustle of the busy lake life while still being within minutes to everyday amenities like dining, shopping & entertainment. Units have all furnishings, electronics & decor & all units are rented out with good & reliable tenants, and is plenty of room to expand. There is a fire pit area on a gravel bar that runs next to a quaint creek. This property has been meticulously maintained & crosses a newly installed bridge making it ready for the next owner to take over and enjoy the land & additional income. Located right off HWY 54 this property offers renters privacy without sacrificing location. See MLS 3570692 for listing w/ additional land. Additional Land Available to make the Property 70 Acres (Currently 6.02)

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $106,200 $32.18
Other Income - -
Vacancy Loss $9,600 $2.91
Effective Gross Income $96,600 $29.27
Taxes $2,709 $0.82
Operating Expenses $10,143 $3.07
Total Expenses $12,852 $3.89
Net Operating Income $83,748 $25.38

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $106,200
Annual Per SF $32.18
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $9,600
Annual Per SF $2.91
Effective Gross Income
Annual $96,600
Annual Per SF $29.27
Taxes
Annual $2,709
Annual Per SF $0.82
Operating Expenses
Annual $10,143
Annual Per SF $3.07
Total Expenses
Annual $12,852
Annual Per SF $3.89
Net Operating Income
Annual $83,748
Annual Per SF $25.38

Property Facts

Price $799,000
Price Per Unit $114,143
Sale Type Investment
Cap Rate 10.98%
Sale Conditions Bulk/Portfolio Sale
No. Units 7
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Single Family Home
Building Class B
Building Size 3,300 SF
Average Occupancy 86%
No. Stories 1
Year Built 2024

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Carpet
  • Deck
  • Dining Room
  • Family Room

Site Amenities

  • Picnic Area
  • Gated
  • Video Patrol
  • Trash Pickup - Curbside
  • Community-Wide WiFi

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 28 $1,200 240 - 850

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
123008000000001003
Land Assessment
$50,060
Improvements Assessment
$0
Total Assessment
$50,060
Annual Taxes
$2,709 ($0.82/SF)
Tax Year
2023
  • Listing ID: 33515964

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 1732 Highway 54, Eldon, MO 65026

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