Contact Information

Mobile Home Park Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.1%
  • Listing ID: 5544004
  • Posted On: May 6, 2024
  • Updated On: May 13, 2024


This property consists of 27 lots with 25 Tenant owned homes on site as of year end. Ownership currently pays for trash and bills back water and sewer to the tenants. Current ownership also pays for lawn service.

The property offers upside through lot rent increase and is located in a major market. This offers new ownership a safe and highly appreciating asset, as well as strong tenant demand.

This property is served by city water and sewer, which are billed back to the tenants. Each pad has its own water meter which ownership reads and bills back monthly.

Current ownership updated both the water and the underground electrical in 1986, lessening the likelihood of future Capital Expenditures for new ownership.

Each pad has a 50 amp hookup, with 15 of the 27 lots having an additional breaker allowing for short term RV rentals for increased income in the event of a vacancy.

This property also features a 20x50 concrete block building with a 1 bed/ 1 bath apartment, currently used for storage. 8 years ago, current ownership rented the apartment for $375 per month.

The building has a small laundry area with two coin operated washers and one dryer. It also has a small office area that provides an ideal space for a local manager.


Hamilton RV and Trailer Park is located directly next to MO HWY 24, offering tenants an easy to commute to nearby employers throughout the metro. The property is located two blocks from a Dollar Tree, a local laundromat, and multiple fast food restaurants.

The subject property is located in Sugar Creek, Missouri, a suburb of Kansas City, Missouri. The Kansas City MSA has a population of over 2 million people, offering new ownership an established investment in a growing metropolitan area.

Currently the lot rent for the community is $355/Monthly. The average lot rent in the area is $450/Monthly. Below are names and locations of local comparable parks and their monthly rates:

Midwest Mobile Home Community (Independence, MO) -$589/Mo
Green Hills (Independence, MO) - $468/Mo
Hillside Crossings (Kansas City, KS) - $440/Mo
Autumn Falls 55+ (Independence, MO) - $400/Mo
La Casita (Kansas City, MO) - $370/Mo


  • Laundromat
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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 93.0 %
Average MH Lot Rent: $355
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $101,990
Operating Expense: $22,398
Net Operating Income: $79,593
Expense Ratio: 22.0 %

Lot Information

Singlewide Lots: 7

RV Information

Number of RV Lots: 22
Average RV Lot Rent: $355

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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