59 S Indiana St - Apartments FOR SALE


Porterville, CA 93257
$2,650,000 USD
951-764-3744
59 S Indiana St, Porterville, CA for Sale
$2,650,000 USD
Apartments - FOR SALE
1/11
null | 7.02% Cap Rate

59 S Indiana St
Porterville, CA 93257


HIGHLIGHTS

  • 17,941 Square Feet of Buildings
  • 23 Covered Carports
  • 1.22 Acre Parcel (53,143sf
  • (16) Units / (4) 2 Bed 1 Bath / (3) 3 Bed 1 Bath / (9) 3 Bed 2 Bath
  • Many Renovations in 2013 & 2024

OVERVIEW

For Sale 16 Units 4 Buildings 100% Occupied, Many Upgrades. 16) Units (4) 2 Bed 1 Bath approx. 870 sqft (3) 3 Bed 1 Bath approx. 1,100 sqft (9) 3 Bed 2 Bath approx. 1,100 sqft 23 Covered Carports Built 1977 1.22 Acre Parcel Unit Size 870—1,100 sf Net Rentable Area, 17,780 sf Number of Buildings 2 Value-Add with Rent Increases Walking Distance to Schools Close to Shopping Centers, Restaurants, Parks Located in the heart of Porterville, CA, this apartment complex is close to schools, shopping, public transportation and medical facilities. Property consists of four buildings with mixed unit sizes. Each unit is separately metered with electricity and gas. 16 units with laundry onsite with 23 Covered carport parking spots 3 buildings with new roof and facia boards have been replaced. 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 all units and kitchen cabinets & bathroom cabinets repaired or replaced. New ceramic tile floor and base boards installed. All the bathroom suites replaced. Copper plumbing and copper wiring throughout. Interior and Exterior painted.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

16

PRICE/UNIT

$165,625

CAP RATE

7.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,758 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 Notice.