815 S Indiana ST, Porterville, CA 93257
815 S Indiana ST, Porterville, CA 93257
815 S Indiana ST, Porterville, CA 93257
815 S Indiana ST, Porterville, CA 93257
815 S Indiana ST, Porterville, CA 93257
815 S Indiana ST, Porterville, CA 93257
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Brandon Wilmoth

Brandon Wilmoth

+1(559) 550-5101
$ 2,395,888
Est. payment | /mo

28 Beds

28 Baths

139,513 SqFt

Save
$ 2,395,888
Est. payment | /mo
Save

28 Beds

28 Baths

139,513 SqFt

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

Fresno MLS
Listed by The JKRE Investment Group

NEARBY SCHOOL & BUSINESS

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Brandon Wilmoth
Brandon Wilmoth

Agent License ID: 02251504

+1(559) 550-5101

Fresno, CA, USA

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815 S Indiana ST