Well Established Nightly Rental Business For Sale!

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. There is so much going on with this listing, we’ll just 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 sleeping 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 founded 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 Morning Star Inn and Cottage has an incredible location being right off the main drag of town and only a few blocks from downtown Hamilton. All the units are fully furnished, renter ready, and the business is completely turn-key with future bookings already in place.

Mac Lee: 816.284.5128

2021 Taxes: $2,163