$1,750,000
Porterville, CA 93257
MLS# 133970
Status: Closed
29400 sqft
1 / 4
Property Description
30 Unit complex with a park like setting in Porterville. All units are 2 bedroom, 1 bath, with 1 car garage. Great cash flow and approximately 10%+ cap rate return. This is an investors dream. All units are duplex so they are easier to manage and maintain. Also, there are two legal parcels included with this property; both with street access.
Details
Maps
Property Information
Property Sub-Type: Duplex
New Construction: No
Year Built: 1985
Year Built Source: Public Records
Number of Buildings: 15
Number of Units: 2
Street #: 885
Stories: 1
Approx Square Feet: 29400
Direction: E
SqFt Source: Public Records
Street Name: Putnam
Lot SqFt: 4
St. Direction Suffix: E
Lot Size Source: Public Records
Lot Dimensions: Irregular
State/Province: CA
Zip Code: 93257
APN: 254101046000
County: Tulare
Additional Parcels Y/N: Yes
Additional Parcels Description: 254-101-047
Area: Porterville NE
Listing Information
Original List Price: 1590000
List Price/SqFt: 59.52
Current Price: $1,750,000
Status: Closed
Listing Date: 2017-10-17
Listing Price: 1750000
Showing Information
Cross Street: Legget
Directions to Property: From Plano head East on Morton past Legget Entrance is past the Gas Station and restaurant on Morton. 2nd Entrance behind the Gas Station ON legget.
Remarks
Marketing Remarks: 30 Unit complex with a park like setting in Porterville. All units are 2 bedroom, 1 bath, with 1 car garage. Great cash flow and approximately 10%+ cap rate return. This is an investors dream. All units are duplex so they are easier to manage and maintain. Also, there are two legal parcels included with this property; both with street access.
General Information
Garage: Yes
# of Garage Spaces: 30
Pool: No
Fireplace: No
Spa: No
Status Change Info
Status Change Date: 2018-01-10
Pending Date: 2017-10-27
Close Date: 2018-01-05
Close Price: 1750000
Close Price/SqFt: 59.52
Unit 1
Unit Description: 15 duplexs
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Roofing: Shingle
Tenant Pays: Cable TV; Electricity; Gas
Owner Pays: Trash Collection; Water
Common Walls: 1 Common Wall
Foundation: Slab
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Attached
Road Surface Type: Paved
Listing Office: Century 21 Jordan-Link - Porterville Morton 878
Listing Agent: Gerardo Gonzalez
Agent Email: gerardo@homesforrentpm.com
Last Updated: September - 24 - 2024
Information deemed reliable but not guaranteed.