This mobile home community portfolio consists of 3 mobile home parks, all of which are within the city limits of Hamilton, MO. These parks are the only three mobile home parks in town, giving a new owner both potential scale in the area, as well as low competition. The subject properties are located less than an hour from the Kansas City MSA, and are in close proximity to I-35.
Hamilton has a high demand for affordable housing due to both seasonal and full time employers in the area. This portfolio is set up to meet the demand for both short and long term tenants by offering POH rentals, RTO contracts, and updated RV lots.
The properties are all on public utilities, with mobile home tenants paying all utilities directly.
Obtainable and realistic upside exists in raising lot rents, selling remaining park owned homes on contract, advertising RV spaces more effectively, and infilling vacant mobile home lots in order to fill the housing demand in the community.
Lot Rents
Lot rents in the subject properties are still below market for the area. Current ownership has raised lot rent to $300 for rent to own contracts and tenant owned homes effective July 1st, 2025. New ownership can continue raising lot rents over time for realistic and attainable upside.
Recent Improvements
Current ownership has completed extensive repairs and updates across the portfolio.
Ownership has rehabbed numerous POHs, and has several RTOs in place.
Ownership has infilled several new homes and has RTOs in place.
Current ownership has added 8 full service hookup RV sites having 50 amp service with 100 amp conversion capable wiring, allowing new ownership to place manufactured homes on the lots if they prefer.
Hamilton, MO
Hamilton, MO is located in Caldwell County, MO. Hamilton is located 45 minutes from St. Joseph, MO and one hour from Kansas City, MO.
Seasonal Tourism
Hamilton is home to Missouri Star Quilt Co. which brings in tourists to the community especially throughout the Summer.
The US Army Corps of Engineers is also working on completing the Little Otter Creek Reservoir just South of Hamilton. This will continue to drive tourism in the area, and allow new ownership additional income through the properties RV lots.
