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$ 2,498,888
Est. payment /mo
New
815 S Indiana ST Porterville, CA 93257
28 Beds
28 Baths
139,513 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 139,513 sqft
Price per Sqft $17
MLS Listing ID 655001
Bedrooms 28
Full Baths 28
HOA Y/N No
Year Built 1975
Lot Size 3.203 Acres
Property Sub-Type Multi Family
Property Description
Wagon West Mobile Home Park is a 28 space all ages manufactured housing community on 3.22 acres at 815-849 S. Indiana Street in Porterville. The park consists of manufactured housing sites, RV sites, and three single family residences, all with full hook-ups. The community is served by City of Porterville water, a private septic system, and an on-site laundry facility. Utilities are billed back to tenants through a RUBS structure, providing the owner with meaningful expense recovery. Tenant tenure is exceptionally long, with the majority of residents in place between 7 and 20 plus years and minimal turnover in recent years. Rents remain below market and Porterville has no rent control, giving a new owner a clear path to grow income through modest scheduled adjustments and lease up of the remaining vacant spaces. The park is centrally located with quick access to Highways 65 and 190 and sits within close proximity to the Walmart Distribution Center, Porterville College, two general hospitals, and the retail corridor along Main Street including Home Depot, Lowe's, Grocery Outlet, ALDI, and Starbucks. Manufactured housing remains one of the few forms of unsubsidized affordable housing in the Central Valley, and parks of this size rarely come to market.
Location
State CA
County Tulare
Interior
Heating Floor or Wall Heat
Cooling Evaporative Cooling, Wall/Window Unit(s)
Fireplaces Type One Unit
Appliance Washer/Dryer(s) Leased
Exterior
Parking Features Covered, Open
Community Features Utility Room
Utilities Available Public Utilities, Natural Gas Connected
Roof Type Other
Building
Lot Description Suburban
Story 1
Foundation Concrete Perimeter, Wood Subfloor
Sewer Septic Tank
Water Public
Schools
High Schools Porterville Schools
Listed by The JKRE Investment Group
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