$499,000 Price Analysis   ♡   Hamilton, MO 64644 9 bed 6 bath 3,867 SqFt ($129/SqFt) 0.54 acre lot. Built 1964 Listed 2023-07-05 | ✓ USDA Eligible near Hamilton, MO Restrictions may apply due to home size |
Due to the owners easing into retirement
THE MORNING STAR INN AND COTTAGE IS FOR SALE. This is a well-established, turn-key nightly rental business located in the heart of Hamilton, MO. With the ability to comfortably sleep 28 guest, this is a business opportunity that should not be overlooked. There is so much going on with this listing, we'll take it one step at a time. THE MORNING STAR INN - The owner took an existing 4-plex conventional apartment building and converted it to "motel-style" nightly rental units. Three of the units feature an open living room with 2 beds, an additional bedroom with 2 more beds, a bathroom, dual vanity sinks and a microwave. The 4th unit features a full kitchen, an open living area with 2 beds, an additional bedroom with 2 beds and a bathroom. THE COTTAGE - Conveniently located right next to The Morning Star Inn, the Cottage is a home that has been renovated to a nightly rental that can accommodate larger groups. The main level features a fully functional kitchen, an open living/dining room (complete with a large quilting table), 3 bedrooms, a\ laundry room and bathroom.
Each bedroom is uniquely decorated and has 2 beds. The upstairs has an open layout with two more beds and additional sitting space. THE CARRIAGE HOUSE - A 24x24 detached garage has been converted into an open sleepng area with 4 beds, bathroom and large laundry room. This building serves the dual purpose of additional rental beds when needed or a separate laundry facility capable of washing larger loads of bedding. THE TOWN - Hamilton, MO has a population of approximately 1800 and has certainly seen numerous changes in the past decade. The Missouri Star Quilt Company was found ed in Hamilton in 2008. Since then, it has grown into a $20, 000, 000 a year business and owns numerous shops and businesses in downtown area. These businesses and shops have become a tourist attraction and bring as many as 8, 000 quilters/tourist to Hamilton in a month. This phenomenon has affectionately earned Hamilton the nickname of Quilt Town USA. The Moring Star Inn and Cottage has an incredible location being right off the main drag of town and a few blocks from downtown Hamilton. All the units are fully furnished, renter ready, fantastic return and the business is completely turn-key with future bookings already in place.
Presented by Mac Lee at
United Country Graham Agency, LLC.
Property MLS #11188594 from MyStateMLS
Lot Size Square Feet: 23522
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Active
County: 29025
Availability Date: 2023-07-05
Tax Year: 2022
Source Property Type: House (Detached)
Source System Name: C2C
$499,000
MyStateMLS
Relisted 2024-02-06
$539,000
MyStateMLS
Listing removed 2024-01-07
$539,000
MyStateMLS
Listed 2023-07-05
$539,000
MyStateMLS
Year Built: 1964
Property Age: 60
Levels or Stories: 2
Structure Type: Frame
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.