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Wagon West Mobile Home Park 815-849 S Indiana St 28 Unit Mobile Home Park $2,240,000 ($80,000/Unit) 7.10% Cap Rate Porterville, CA 93257
Investment Highlights
- Centrally located in Porterville and in close proximity to Highways 65 and 190
- Below market rents and 3 vacant spaces allow major lease up potential.
- Significant improvements completed over the last few years
Executive Summary
Colliers | Fresno is pleased to present Wagon West Mobile Home Park for sale in Porterville, CA.
The park features 28 homesites and spaces with full hook-ups comprised of (19) manufactured housing sites, (6) RV sites, and (3) Single-Family Residences.
Situated on 3.22 acres and built in 1975, the community is serviced by public/city water, a septic sewer system, and an onsite laundry facility.
Landlord pays for all utilities. Tenants are billed for metered usage in the form of a RUBS charge.
The park features 28 homesites and spaces with full hook-ups comprised of (19) manufactured housing sites, (6) RV sites, and (3) Single-Family Residences.
Situated on 3.22 acres and built in 1975, the community is serviced by public/city water, a septic sewer system, and an onsite laundry facility.
Landlord pays for all utilities. Tenants are billed for metered usage in the form of a RUBS charge.
Property Facts
| Price | $2,240,000 | Building Class | C |
| Price Per Unit | $80,000 | Lot Size | 3.22 AC |
| Sale Type | Investment | Building Size | 3,709 SF |
| Cap Rate | 7.10% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 10/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RS-2 - Low Density Residential | ||
| Price | $2,240,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 3.22 AC |
| Building Size | 3,709 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1975 |
| Parking Ratio | 10/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-2 - Low Density Residential |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 28 | - | - |
1 1
Property Taxes
| Parcel Number | 268-070-005-000 | Improvements Assessment | $383,885 |
| Land Assessment | $142,177 | Total Assessment | $526,062 |
Property Taxes
Parcel Number
268-070-005-000
Land Assessment
$142,177
Improvements Assessment
$383,885
Total Assessment
$526,062
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Wagon West Mobile Home Park | 815-849 S Indiana St
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