$710,000
Porterville, CA 93257
MLS# 230580
Status: Closed
12 beds | 7 baths | 4396 sqft
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Property Description
Outstanding investment opportunity to own 7 houses located on one lot, all currently rented, The property is located across the street from Veteran's Park and near shopping adn restaurants. Three houses have been extensively remodeled recently. This is rare buy with a lot of investment upside.
Details
Maps
Property Information
Property Sub-Type: Multi Family
New Construction: No
Stories: 1
Bedrooms: 12
Year Built Source: Public Records
Number of Units: 7
Number of Buildings: 7
Total Baths: 7
APN: 245081017000
SqFt Source: Public Records
Lot Acres: 1.25
Lot SqFt: 54450
Lot Size Source: Public Records
Lot Dimensions: irregular
Additional Parcels Y/N: No
Common Interest: None
Year Built: 1955
Street #: 541
Approx Square Feet: 4396
Direction: N
Street Name: Newcomb
Suffix: Street
State/Province: CA
Zip Code: 93257
County: Tulare
Area: Porterville NW
Listing Information
List Price/SqFt: 168.32
Original List Price: 749950
Current Price: $710,000
Status: Closed
Listing Date: 2024-07-31
Listing Price: 739950
Showing Information
Directions to Property: Head North on Newcomb Ave from Morton Avenue. Property is on the left (West) side of Newcomb across the street from Veteran's Park.
Remarks
Marketing Remarks: Outstanding investment opportunity to own 7 houses located on one lot, all currently rented, The property is located across the street from Veteran's Park and near shopping adn restaurants. Three houses have been extensively remodeled recently. This is rare buy with a lot of investment upside.
General Information
Garage: No
Pool: No
HOA: No
Solar YN: No
Financial Information
Cap Rate: 6
Status Change Info
Close Price/SqFt: 161.51
Status Change Date: 2025-01-17
Pending Date: 2024-10-28
Close Date: 2025-01-17
Close Price: 710000
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water
Public: 1
Unit 1
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 760
Unit Description: Unit A
Sewer
Septic Tank: 1
Unit 2
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 1025
Unit Description: Unit B
Cooling
Evaporative Cooling: 1
Unit 3
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 900
Unit Description: Unit C
Heating
Wall Furnace: 1
Unit 4
Number of Bedrooms: 1
Number of Bathrooms: 1
Total Rent: 875
Unit Description: Unit D
Roofing
Composition: 1
Unit 5
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 1050
Unit Description: 517 N. Newcomb
Unit 6
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 975
Unit Description: 525 N. Newcomb
Unit 7
Number of Bedrooms: 2
Number of Bathrooms: 1
Total Rent: 975
Unit Description: 533 N. Newcomb
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected
Water: Public
Sewer: Septic Tank
Cooling: Evaporative Cooling
Heating: Wall Furnace
Roofing: Composition
IDX
Listing Office: Century 21 Select Real Estate
Listing Agent: Gerardo Gonzalez | gerardo@homesforrentpm.com
Agent Email: gerardo@homesforrentpm.com
Last Updated: January - 17 - 2025
Information deemed reliable but not guaranteed.