2896 State Highway 176

2896 State Highway 176, Rockaway Beach, MO 65740

$499,000

Description

REDUCED, Rents are Up and Price is Down. Time to make Laketown Cottages your next income producing investment! Or call it home with income! **Sellers have been increasing monthly rents per unit and doing some updates. Apprx $70k for 2025 rentals and projecting $80k+ annually after some 2026 changes and updates** This income producing complex is right across from the lake with 7 cottages originally from the 1930-1940s. (4-1bd/1bt, 1-2bd/1bt, 1-3bd/1bt & 1-3bd/2bt) Unit 13 above the pool is a 3bdrm that was renovated and now on Nightly Rental. Unit 1, a 1bdrm, was renovated for STR but now monthly (pictures are from when it was furnished before changed to monthly). Unit 4 had some updates between renters recently and has a few pictures. Unit 14 3Bdrm, had some updates and new HVAC between renters, also some pictures included. The other 3 are active month to month rentals unavailable for pictures for the listing. Rockaway Beach continues to update its historic properties and is growing as a vacation or residence destination. The resort property to the left has been renovating their cabins. Also the property to the right has gone through major renovations. Be a part of the next chapter and enjoy hosting people on this peaceful property next to Lake Taneycomo. Besides great lake views, across the street is a fishing area and boat launch. Rockaway Beach is just about a 15 minute drive to Branson and less than 30 minutes on the high road to Silver Dollar City. Buyers and buyer agents to do own due diligence on all measurements and information. This property is being sold as commercial as/is. Rent Roll and unit information available! Pre-qualification needed for showings. You could also live in one of the units and let the rest pay for everything. So many options with this opportunity property. Thanks for looking and God Bless

Location