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Browse More Listings in Multifamily For Sale, Center, MO or Missouri

Multifamily Property For Sale

Country Inn Resort/RV Park Mark Twain Lake

22939 Hwy EE, Center, MO 63436

Price:
$925,000
No. Spaces:
76
Price/Space:
$12,171.05
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Additional Sub-types:
Economy/ Limited Service
Special Purpose (Other)
Property Use Type:
Investment
Cap Rate:
10.30%
Year Built:
1980
Lot Size:
8 AC
Find Out More...

Last Verified 11/4/2009 Listing ID 15108221

Highlights

Excellent location near Mark Twain Lake
Excellent Cash Flow
Seasonal

Family operation
Heavy usage lake
No other recreational lakes available for hundreds of miles

Description

Counrty Inn Resort & RV Park has 33 lodging units consisting of kitchenettes & motel rooms offering 1, 2, and 3 bed motel rooms; 43 RV Lots rented annually; 3 bedroom 2 bath Owners home; 2 fishing ponds;
in-ground pool; large metal outbuilding; & 8 acres. Mark Twain Lake offers 18,600 acre lake and has 285 miles of natural, unspoiled shoreline with an abundance of bass, crappie,walleye, catfish, deer & turkey. The crystal waters and scenic lands of Mark Twain Lake provides countless opportunities for outdoor recreation including all water sports including waterskiing, boating, sailing, swimming, fishing, picnicking, hunitng & horseback riding.

Country Inn Resort/RV Park is located in the Northeast Missouri Recreational area of Mark Twain Lake and is less than 2 miles to the Corp of Engineers boat ramp and a marina. Mark Twain Lake is only 25 miles from Historic Hannibal. Country Inn is only 120 miles from St. Louis, Mo, & 125 miles from Springfield, Il.

Financial Summary

Space Mix Information

Debt & Equity Information

Actual
Year
2006
Scheduled Gross Income
$199,253
Effective Gross Income
$199,253
Operating Expenses
$83,763
Maintenance
$4,482
Taxes
$6,815
Insurance
$8,849
Total Expenses
$103,909
Net Operating Income
$95,344
Debt Service
$65,684
Pre-Tax Cash Flow
$29,660

Description	No. Spaces
Kitchenettes & motel rooms	33
RV Lots	43

Map of 22939 Hwy EE, Center, MO 63436 (Ralls County)

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Created 4/25/2007

Additional Information for 22939 Highway Ee, Center, MO 63436

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Country Inn Resort/RV Park Mark Twain Lake

22939 Hwy EE, Center, MO, 63436