$1,200,0000.87 Acres18 beds • 7,500 sq ft
For Sale
For Sale
$1,200,0000.87 Acres
For Sale
18 beds • 7,500 sq ft

2373- 2393 E Springville Avenue, Porterville, CA 93257 - Tulare County

Residential
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Property ID 22903484

5+ Units - Porterville, CA

Great investment opportunity! Well maintained 10 unit apartment complex, comprised of 5 separate duplexes on one APN at approximately 0.87 acres. There are five - 2 bedroom, 2 bath units, four - 2 bedroom, 1 bath units and one - 1 bedroom, 1 bath unit. One of the duplexes was built first and then at a much later time the other four duplexes were built. Four of the duplexes have brand new roofs and all five of the duplexes will have new paint on the exterior (2 exteriors have been painted already). Seller has been raising rents but is still low on several of them. Included in the income is $500 for utility reimbursement. The current CAP Rate is app. 6.47%, but the potential CAP Rate could be much higher with increased rents, which makes this a very good investment now as well as in the future. Make this the investment opportunity that you have been waiting for!

Copyright © 2025 Tulare County MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact Seller

Melson Realty, Inc.

License #01329382

Porterville, CA

(559) 359-4657
Listing provided by
Mary Pacheco
Melson Realty, Inc.(559) 788-2222
Source: ListHub, MLS# 234045
Listing status: Active
Listing last updated: March 15, 2025 at 2:34 AM
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Mary Pacheco

Melson Realty, Inc.
(559) 359-4657

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Mary Pacheco

Melson Realty, Inc.