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 town of Hamilton has a high demand for affordable housing due to both seasonal and full time employers in the area. The subject property is located less than an hour from the Kansas City MSA, and is in close proximity to I-35.

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 in the subject properties are still below market for the area. Current ownership has raised lot rent to $300 for rent to own contracts, but has not raised lot rents to market rates for TOHs. This offers new ownership the opportunity to raise lot rents to market rates over time. Based on current rates, lot rents of $300-$325 are realistic and attainable for new ownership within a short time.

Current ownership has added multiple RV sites with 50 amp service with 100 amp conversion capable wiring, allowing new ownership to place mobile homes on the lots if they prefer and has also rehabbed park owned homes. Several park owned homes have been sold on contract, with remaining park owned homes available for new ownership to sell for increased income and decreased maintenance costs.