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.
Property Type
Residential IncomeCounty
KernStyle
Residential IncomeAD ID
47744899
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Cooling Features
- Central Air
- Air Conditioning
Heating Source
- Central
- Has Heating
-
Exterior Features
Building Information
- Year Built: 2006
- Building Area Total: 6,010
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.21
- Lot Size Source: Assessor
- Lot Size Square Feet: 9147
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Listing Information
Listing Price Information
- Original List Price: 1,850,000
- Listing Contract Date: 2024-11-20
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 00322207
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: BKSF - Bakersfield
- Directions: Go east on 23rd st, turn right on G st, pass 22nd st, location is on the right, west side of the street.
- Source Property Type: Residential Income
- Area: BKSF - Bakersfield
- Property SubType: Apartment
Building and Construction
- Property Age: 18
- Common Walls: No Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 2
- Entry Location: w
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BuyOwner last updated this listing 12/22/2024 @ 10:16
- MLS: MD24237689
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 6,010 sqft, 9,147 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Bakersfield , in zip code 93301, this Kern County Home are nearby neighborhoods.