203 Recreation AVE Pending Save Request In-Person Tour Request Virtual Tour
Rockaway Beach,MO 65740
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Subdivision Rockaway Beach
MLS Listing ID SOM60293195
Originating Board somo
Year Built 1940
Annual Tax Amount $1,003
Tax Year 2024
Lot Size 0.460 Acres
Acres 0.46
Lot Dimensions 200X100
Property Sub-Type Other
Property Description
8-unit rental property in Rockaway Beach, Missouri. The property includes one 3-bedroom/2-bath house, one 3-bedroom/1-bath unit, four 2-bedroom/1-bath units, and two 1-bedroom/1-bath units. All units are currently rented with long-term leases in place, bringing in a total of $7,485 per month. Tons of updates/remodels have been made in recent years, and there is room for more improvements that could increase rental income and value. With a solid cap rate based on current income, the property also has potential for higher returns if converted to short-term rentals. Located near Lake Taneycomo, this is a strong investment opportunity with steady cash flow!
Location
State MO
County Taney
Zoning Motel/ Multi-fa
Direction From US-65 N in Branson, exit onto MO-76 E toward Forsyth. Follow MO-76 E about 4.5 miles. Turn left onto MO-176 N toward Rockaway Beach. Stay on MO-176 N about 3 miles. Turn right onto Lake Street, then immediately left onto Recreation Ave. 203 Recreation Ave will be on your left.
Interior
Interior Features Carpet,Formal Living,Fenced Area
Heating Base Board,Space Heater
Cooling Window Unit(s)
Fireplace No
Appliance Range,Refrigerator,Microwave
Heat Source Base Board,Space Heater
Exterior
Parking Features 1 per Unit
Utilities Available Sewer Available,Electricity Available
Waterfront Description View
Roof Type Composition,Asphalt
Street Surface Asphalt
Building
Structure Type Vinyl Siding,Frame
Schools
Elementary Schools Forsyth
Middle Schools Forsyth
High Schools Forsyth
Others
Acceptable Financing Cash,1031 Exchange
Listing Terms Cash,1031 Exchange