Grand Plaza Apartments

Overview

Located in the heart of Porterville, California, this 29-unit apartment complex is a rare investment opportunity with tremendous potential for value-add improvements. Currently, the property offers below-market rents, providing a strong foundation for increasing cash flow and boosting returns. The complex is situated on a spacious lot, providing ample room for tenant parking and outdoor common areas. The units themselves feature a mix of one-, two-, and threebedroom layouts, each offering comfortable living spaces and practical amenities for tenants. The complex has an onsite gated swimming pool and laundry room. Over $60,000 in termite work was recently completed. With a little TLC and strategic upgrades, this property has the potential to attract higher-paying tenants and increase its value substantially. A savvy investor could capitalize on the untapped potential of this asset, realizing long-term gains while providing quality housing for the community. Don't miss out on this exciting opportunity to own a promising piece of commercial real estate in one of California's most vibrant regions.

Location