Address Not Provided
  • MLS#: MD24237689 ( Apartment )
  • Street Address: Address Not Provided
  • Viewed: 1
  • Price: $1,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2006
  • Bldg sqft: 0
  • Days On Market: 235
  • Additional Information
  • County: KERN
  • City: Bakersfield
  • Zipcode: 93301
  • Provided by: Central Valley Property Advisors
  • Contact: Esteban Esteban
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We're excited to present a lucrative twelve (12) unit multifamily investment in the heart of Bakersfield's vibrant Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This exceptional property spans two Contiguous parcels: an eight unit building Constructed in 2006 and a four unit building from 1968. Both buildings feature spacious one bedroom, one bathroom units, making them highly desirable in today's rental market. Five of the twelve units have already been tastefully remodeled and are achieving top market rents. The remaining seven units present a tremendous opportunity for the next owner to complete the remodels and bring them up to market rent, unlocking significant additional income potential. This asset provides immediate cash flow and a clear path to enhanced revenue growth. Whether you're an experienced investor or looking to break into multifamily investments, Seize the opportunity to unlock potential in a prime location today.
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Features
Additional Parcels Description
  1. 00322208
Assessments
  1. Special Assessments
Building Area Total
  1. 6010.00
Commoninterest
  1. Condominium
Common Walls
  1. No Common Walls
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 0.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Laundry Features
  1. Inside
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 107228.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Parcel Number
  1. 00322207
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 427643280:CRM
Totalexpenses
  1. 59664.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 2006
Year Built Source
  1. Assessor