2115 G Street, Bakersfield, CA 93301

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Glen Henderson

[email protected] +1(619) 889-7646

$1,850,000

Est. payment - /mo

1 Bed

1 Bath

9,147 Sqft Lot

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UPDATED:

11/21/2024 05:14 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MD24237689

Bedrooms 1

HOA Y/N No

Lot Size 9,147 Sqft

Type of Financing Conventional,Seller May Carry

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.
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 Bakersfield (93301)

Zoning Assessor

Interior

Cooling Central Forced Air

Air Conditioning Central Forced Air

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Others

Acceptable Financing Conventional, Seller May Carry

Space Rent $1,143

Listing Terms Conventional, Seller May Carry

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Listed by Central Valley Property Advisors

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

2115 G Street Bakersfield, CA 93301

Glen Henderson

Key Details

Location

Interior

Building

Others

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