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267 W Belleview Avenue, Porterville, CA

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267 W Belleview Avenue

Porterville, CA 93257 - Porterville MF Submarket


Property Type:Multi-Family Number of Units:16 Status:Existing Year Built:-
Stories:2 Building Size:9,000 SF Land Area:.25 AC (10,698 SF)
For Sale Price:$633,333 Price/Unit:$39,583.31 Cap Rate:7.00 % GRM:9.34

Parking:-


Sixteen total units.Fourteen recently re-modeled,new showers put in after tubs removed recently in most.10 one bedroom units(1 rents for $580,five @ $475 & 4 @ $450=$4755.Six studio apts (5 @ $350 & 1 @ $380=$2130.Corner units 660 SQFT are slightly larger than other apts (550SFT) which are larger than the studios.Corner lot w/ lots of non conforming parking & additonal 6 garage stalls (plus one owner garage)that also rents out @ $50 each. Buyer to cooperate w/ Sellers in their 1031 tax exchange at no cost or liability to buyer.

CENTRAL PORTERVILLE NEAR 3 SCHOOLS. SOME LIKE KINGD LARGER UNITS AND DUPLEXES AND TRIPLEX NEARBY, BUT MAINLY OLDER SINGLE FAMILY DETACHED

Sale Notes:
Sixteen total units.Fourteen recently re-modeled,new showers put in after tubs removed recently in most.10 one bedroom units(1 rents for $580,five @ $475 & 4 @ $450=$4755.Six studio apts (5 @ $350 & 1 @ $380=$2130.Corner units 660 SQFT are slightly larger than other apts (550SFT) which are larger than the studios.Corner lot w/ lots of non conforming parking & additonal 6 garage stalls (plus one owner garage)that also rents out @ $50 each. Buyer to cooperate w/ Sellers in their 1031 tax exchange at no cost or liability to buyer.
CENTRAL PORTERVILLE NEAR 3 SCHOOLS. SOME LIKE KINGD LARGER UNITS AND DUPLEXES AND TRIPLEX NEARBY, BUT MAINLY OLDER SINGLE FAMILY DETACHED

Home Realty and Land Company
Geane Lohse
(559) 784-4000




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