282 W Date Ave 16 Unit Apartment Building $2,520,800 CAD ($157,550 CAD/Unit) 5.50% Cap Rate Porterville, CA 93257

Introducing a rare opportunity to acquire a 16-unit apartment community located in the heart of Porterville, California. Situated on West Date Street, this well-positioned property offers strong in-place income, long-term upside potential, and an exceptional central location just minutes from Highway 190, shopping centers, schools, and Porterville College.
Built in 1966, the property consists of sixteen single-story units featuring a desirable unit mix of eight 1-bedroom/1-bath units and eight 2-bedroom/1-bath units. The single-story layout enhances tenant appeal and reduces long-term maintenance compared to multi-story assets.
Income & Investment Potential
The property has historically offered affordable rental rates, making it highly attractive to the strong local workforce tenant base. With units economically priced, the asset presents clear upside potential through continued interior upgrades and rent optimization to market levels.
Investors will appreciate:
Consistent rental demand due to affordability
Central infill location near employment, retail, and education
Proximity to Highway 190 for regional access
Stable workforce housing fundamentals
Possible assumable private financing with 40% down (contact listing agent for details)
Opportunity to improve expense efficiency and RUBS implementation potential (buyer to verify)