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4215 Teal , Bakersfield, CA 93304
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4215 Teal
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  • MLS#: PW25036712 ( Apartment )
  • Street Address: 4215 Teal
  • Viewed: 14
  • Price: $7,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1984
  • Bldg sqft: 0
  • Days On Market: 66
  • Additional Information
  • County: KERN
  • City: Bakersfield
  • Zipcode: 93304
  • Provided by: Vanguard Property Group
  • Contact: Ed Ed
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the Teal Townhomes, a 58 unit garden style multifamily apartment building built in 1984 located in Southwest Bakersfield (4211 4221 Teal Street complete address/405 121 02 00 9, 405 121 01 00 6 APNs ). This expansive apartment community features 58 spacious (2+1.5) townhome units, comprised of 13 separate buildings on a spacious 2.1 acre corner lot. Each unit boasts private patios and separate gas & electric meters. The subject property is well maintained with new asphalt in 2024 and all roofs replaced in 2015. Offered well below replacement value at $129 cost per square and foot (CPSF), an in place 5.6% CAP/8.7GRM and a 7.4% proforma CAP/7.5 GRM with these purchase factors and additional rental upside of 15% 18%, the Teal Townhomes offers the savvy multifamily investors an exciting repositioning opportunity with solid returns on their investment.
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Features
Building Area Total
  1. 56000.00
Carport Spaces
  1. 64.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
  2. Wood Siding
Cooling
  1. Central Air
Country
  1. US
Electric Expense
  1. 1.00
Entry Location
  1. ground
Fuel Expense
  1. 1.00
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 1.00
Laundry Features
  1. Community
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. Lot Over 40000 Sqft
Netoperatingincome
  1. 403439.00
Number Of Buildings
  1. 13
Number Of Separate Electric Meters
  1. 60
Number Of Separate Gas Meters
  1. 60
Otherincome1
  1. 15426.00
Otherincomedescription
  1. RUBS
Parking Features
  1. Carport
  2. Detached Carport
  3. Driveway
  4. Asphalt
  5. Paved
Pool Features
  1. None
Professionalmanagementexpense
  1. 1.00
Property Type
  1. Apartment
Road Frontage Type
  1. City Street
Road Surface Type
  1. Paved
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 432472313:CRM
Spa Features
  1. None
Totalexpenses
  1. 418348.00
Trash Expense
  1. 1.00
Uncovered Spaces
  1. 55.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Phone Connected
  4. Sewer Connected
  5. Water Connected
Vacancyallowance
  1. 24939
Views
  1. 14
Water Sewer Expense
  1. 1.00
Water Source
  1. Public
Year Built
  1. 1984
Year Built Source
  1. Assessor