$1,500,000
Porterville, CA 93257
MLS# 215684
Status: Closed
15 beds | 15 baths | 6600 sqft
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Property Description
This is an exciting investment opportunity! This building, completely renovated in 2008 houses 12 one bedroom apartments, 2 studio apartments, 3 retail businesses and one hotel room. It is set up with the help of the City of Porterville as a low income housing opportunity. There is transferable financing in place at zero percent interest for just under a million dollars that will stay in place until 2030. Please contact agents for more information. All but one studio unit are currently rented.
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Year Built: 1907
Year Built Source: Public Records
Number of Buildings: 1
Number of Units: 18
Street #: 250
Stories: 2
Approx Square Feet: 6600
Direction: N
Bedrooms: 15
SqFt Source: Public Records
Street Name: Main
Lot Acres: 0.15
Suffix: Street
Total Baths: 15
Lot SqFt: 6324
Lot Size Source: Public Records
Lot Dimensions: Irregular
State/Province: CA
Zip Code: 93257
Zip Plus 4: 3728
APN: 253197001000
County: Tulare
Additional Parcels Y/N: No
Common Interest: None
Area: Porterville SE
Listing Information
Original List Price: 1400000
List Price/SqFt: 212.12
Current Price: $1,500,000
Status: Closed
Listing Date: 2022-02-04
Listing Price: 1400000
Showing Information
Directions to Property: Highway 65 to Highway 190 East. North on Jayne Street. East on Main Street Building is on the East side of the Road
Remarks
Marketing Remarks: This is an exciting investment opportunity! This building, completely renovated in 2008 houses 12 one bedroom apartments, 2 studio apartments, 3 retail businesses and one hotel room. It is set up with the help of the City of Porterville as a low income housing opportunity. There is transferable financing in place at zero percent interest for just under a million dollars that will stay in place until 2030. Please contact agents for more information. All but one studio unit are currently rented.
General Information
Garage: No
Pool: No
HOA: No
Spa: No
Waterfront: No
Handicap Access: Yes
Horse Property: No
Tax Information
Land Value: 108630
Improvement Value: 439488
Status Change Info
Status Change Date: 2022-06-27
Pending Date: 2022-02-16
Close Date: 2022-06-27
Close Price: 1500000
Close Price/SqFt: 227.27
Unit 1
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 519
Unit Description: There are 12 one beds at this price
Unit 2
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 450
Unit Description: There are 2 STUDIOS at $450.
Unit 3
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 550
Unit Description: 3 COMMERCIAL storefronts on Main
Unit 4
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 100
Unit Description: One hotel room (req. by loan)
Unit 5
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 519
Unit 6
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 519
Unit 7
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 519
Unit 8
Number of Bedrooms: 8
Number of Bathrooms: 8
Total Rent: 519
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Tar/Gravel
Listing Office: Bloom Group, Inc.
Listing Agent: Quinn Atherton
Agent Email: quinn@bloomgroupre.com
Co Office Name: Better Homes & Gardens Real Estate Bloom Group
Co Listing Agent: Matt Thomas
Last Updated: September - 24 - 2024
Information deemed reliable but not guaranteed.