815 S Indiana Street, Porterville, CA 93257

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.