Skip To Content

10331 Rosedale Highway

Bakersfield, CA 93312
  • $720,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 202200321
UPDATED: 40 min ago
$720,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
62
Type:
Commercial
Built:
1976
County:
Area:
62

School Ratings & Info

Description

Great Investment rehab project that you will see 14-15% ROI on: 6,276SQFT building that ready to be completed. 1. Electrical panel upgrade to 6 meters, PG&E overhead line upgrade ( PG&E permits & fees paid along with Electrician deposit to be installed) 2. Block wall 2 sides, wrought iron fencing, concrete, interior gutted 3. Clean Alta One: Confirmed with all agency's: EPA, Fire, City & County and no record of underground tanks being an issue. 4.Septic pump & certification 5.new flat work concrete complete on the West side 6.Taco truck currently leases and will continue to lease while the rehab is being done for $900 per month, once rehab is complete space rent would be between $1,400-$1,600 per month 7. Market rent is $2.45-$2.65 sqft NNN X 6,276sqft = $16,631.00 X 12months = $199,577.00 ( plus Taco truck ) Rehab @ $650k total investment $1,440,000.00 ROI 13.9% plus Taco truck income puts it at ((15.20% ROI )

Monthly Payment Calculator



Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Clemmer And Company Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-01-20T23:31:38.173.
www.sellshouses.net/homes/124650261
Print Image

10331 Rosedale Highway Bakersfield, CA 93312

  • Price: $720,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 40 min ago
  • ID#: 202200321
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1976
Built
Neighborhood:
62
County:
Kern
Area:
62
Property Description
Great Investment rehab project that you will see 14-15% ROI on: 6,276SQFT building that ready to be completed. 1. Electrical panel upgrade to 6 meters, PG&E overhead line upgrade ( PG&E permits & fees paid along with Electrician deposit to be installed) 2. Block wall 2 sides, wrought iron fencing, concrete, interior gutted 3. Clean Alta One: Confirmed with all agency's: EPA, Fire, City & County and no record of underground tanks being an issue. 4.Septic pump & certification 5.new flat work concrete complete on the West side 6.Taco truck currently leases and will continue to lease while the rehab is being done for $900 per month, once rehab is complete space rent would be between $1,400-$1,600 per month 7. Market rent is $2.45-$2.65 sqft NNN X 6,276sqft = $16,631.00 X 12months = $199,577.00 ( plus Taco truck ) Rehab @ $650k total investment $1,440,000.00 ROI 13.9% plus Taco truck income puts it at ((15.20% ROI )
Property Features

Annual Gross Income 218000.00 Annual Net Income 218000.00 Cap Rate 15.02 Commercial Type Commercial Current Use Multi Tenant Total Annual Expense 0.00 Zone C-1

Listing courtesy of Shawn Barton of Clemmer And Company Real Estate Services.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Clemmer And Company Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2022-01-20T23:31:38.173.
 
https://bt-photos.global.ssl.fastly.net/bakersfield/orig_boomver_1_202200321-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/orig_boomver_1_202200321-2.jpg https://bt-photos.global.ssl.fastly.net/bakersfield/orig_boomver_1_202200321-2.jpg
Logo
Louise Juracek | Open Door Real Estate
5351 Olive Drive, Suite 150
Bakersfield CA, 93308