59 S Indiana St - Apartments FOR SALE


Porterville, CA 93257
$3,024,000 USD
951-764-3744
59 S Indiana St, Porterville, CA for Sale
$3,024,000 USD
Apartments - FOR SALE
1/11
null | 5.5% Cap Rate

59 S Indiana St
Porterville, CA 93257


HIGHLIGHTS

  • 100% Occupied, Many Upgrades Recently Completed to Complex
  • 4 Buildings Consisting of 17,941 Square Feet of Buildings
  • Many Renovations in 2013 & 2024
  • 1.22 Acre Parcel (53,143sf)

OVERVIEW

For Sale (16) Units / (4) 2 Bed 1 Bath / (3) 3 Bed 1 Bath / (9) 3 Bed 2 Bath. 16 units with laundry onsite with 23 Covered carport parking spots 4 buildings consist of 16 apartments as follows:- 4 / 2 bedrooms 1 bath. 3 / 3 bedrooms 1 bath. 9 / 3 bedrooms 2 bath. 2 bedrooms suites approx. 870sq ft. 3 bedrooms suites approx. 1100 sq ft. Built in 1977. 3 buildings have new roof and facia boards All new dual pan windows installed. All electric sub panels have been replaced. 12 A/C units replaced. 10 water heaters replaced. Granite countertops installed in 15 units and kitchen cabinets & bathroom cabinets repaired or replaced. New ceramic tile floor and base boards installed in 13 units. All the bathroom suites replaced. Copper plumbing and copper wiring throughout. Interior and Exterior painted.

FOR SALE DETAILS

PRICE

$3,024,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

16

PRICE/UNIT

$189,000

CAP RATE

5.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,350 SF

ZONING

-

APN/PARCEL ID

259-112-025-000

ASK ABOUT THIS PROPERTY

Adam FarmerBelco Development & Investment Co.More Info
951-764-3744

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Adam FarmerBelco Development & Investment Co.More Info
951-764-3744

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.