$900,000
$940,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
4,831 SqFt
SOLD DATE : 09/27/2022
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,831 sqft
Price per Sqft $186
MLS Listing ID 202201963
Sold Date 09/27/22
Year Built 1935
Property Sub-Type 5 - 10 Units
Property Description
Pride of ownership is shown with this 7 unit apartment complex. Each unit is 1 bed 1 bath with a beautiful and gated central courtyard and each unit has its own designated garage for parking. There is huge upside potential. The property has been professionally managed, all tenants have been throughly pre-screened for qualification prior to occupancy. Just recently, the newest tenant moved in and is paying $1195 per month. The pro forma monthly rental income is $8,365 p/m and $100,380 p/y. Property is in great condition and does not require any immediate repairs.The current location is appealing to local business professionals who work in the Downtown Bakersfield area including attorneys, paralegals and court clerks, within walking distance to the bus station, local businesses, and Bakersfield High School.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Garage
Building
Story 2
Schools
Elementary Schools Roosevelt_Bak
Middle Schools Emerson
High Schools Bakersfield
School District Bakersfield City
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Bought with Miss Susan C Blanza • Watson Realty
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