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$1,850,000
Est. payment /mo
9,147 Sqft Lot
UPDATED:
12/05/2024 02:15 AM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID MD24237689
HOA Y/N No
Year Built 2006
Lot Size 9,147 Sqft
Property 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.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 00322207
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Special Listing Condition Standard
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Listed by Esteban Contreras • Central Valley Property Advisors • 661-617-0074
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908