Contact Information

Jason Bergan
License: S65228000

Century 21 Commercial

CONTACT BROKER

Price: $700,000
Purchase Method: Cash, New Loan
Cap Rate: 14.0% (Actual)
Listing ID: 6996817
Posted On: Dec 5, 2025
Updated On: Dec 5, 2025

Description

Investment Summary

This portfolio contains a manufactured home community and a manufactured home community/RV Park in the town of Knob Noster, Missouri.

One MHC consists of 16 fully occupied sites, while the other property consists of 6 homes (5 occupied) and 7 RV Lots (4 occupied).

The locations of the two communities are 1064 NE 75, Knob Noster, MO (Whiteman Estates) and 510 Hillview Street, Knob Noster, MO (Whiteman RV and Mobile Home Park).

Whiteman Estates

This 16-pad community is just outside of the town of Knob Noster, Missouri. It is serviced by public water and a septic lagoon. The tenants are directly billed for their water usage and the community owners are responsible for the maintenance of the septic lagoon.

The manager is responsible for submitting monthly reports to the Missouri DNR to ensure the lagoon remains in compliance. The lagoon is in compliance and prior reports can be obtain for review during the due diligence period.

The community is fully occupied with a mix of rent-to-own tenants, park-owned homes, and one tenant owned home.

The community owners are responsible for the trash collection and the electricity used for the street lights and septic lagoon pump. All other utilities are the tenants' responsibility.

There is one street on the property. It is gravel and the community owners are responsible for the upkeep of the street.

There is an additional 3.92 acres adjacent to the community that is included in the purchase price. The land could be used to further develop the community and add more lots.

Whiteman RV and MHP

This property consists of 6 manufactured home pads and 7 RV pads. It is situated within the city limits of Knob Noster, MO and is serviced by 100% public utilities.

The manufactured home tenants are responsible for the payment of their water, sewer, electric, and gas bills, while the RV tenants have these utilities paid for by the park owner.

The trash collection bill is paid for by the park owner for both the manufactured home tenants and the RV tenants.

The roads surrounding the community are owned and maintained by the city of Knob Noster, but the road that runs through the park is owned and maintained by the park owner.

Location

Knob Noster, Missouri

These communities are located in the city of Knob Noster, MO. Knob Noster is located on Highway 50, less than 60 miles southeast of the Kansas City metro. Jefferson City, MO is 80 miles further east.

The city has a population of 2,824 people.

The median household income of residents in Knob Noster is $60,294 and the median property value is $146,700.

The primary careers in the area are in the fields of Production Operation, Management, Education, and Transportation.

Whiteman Air Force Base

Knob Noster, Missouri is home to Whiteman Air Force Base, an Air Force base that has been present since 1942.

Whiteman employs over 3,000 active duty airmen and women, while also employing about 2,500 full-time civilian employees. Additionally, Whiteman employees nearly 2,000 full and part-time National Guard and Reserve members of the Air Force.

The civilian employees at Whiteman make up a variety of jobs ranging from childcare, food service, retail sales, legal assistance, and administrative roles.

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