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2325 Chester Lane

Bakersfield, CA 93304
  • $2,025,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 202210580
UPDATED: 27 min ago
$2,025,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,280
    SQFT
  • $278
    $/SQFT
Neighborhood:
10
Type:
Multi-Family
Built:
1947
County:
Area:
10

School Information

Elementary School:
Middle School:
High School:
School District:

Description

We are excited to present for sale this charming fourteen unit cottage-style apartment complex. Consisting of fourteen (14) one (1) bedroom, one (1) bathroom units, this offering is situated on a 27,007 sq.ft. lot with a gross rentable square footage of 7,280. A majority of the units were renovated in 2021 and filled with a strong tenant base at almost market rent! These cottages are located in one of Bakersfield's most desirable downtown areas, which ensures you will have no issues with vacancy. Do not miss the opportunity to own a piece of the Beautiful and Historical Oleander Community!

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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 Central Valley Property Advisors 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: 2022-10-05T21:31:39.78.
www.sellshouses.net/homes/133336533
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2325 Chester Lane Bakersfield, CA 93304

  • Price: $2,025,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 27 min ago
  • ID#: 202210580
0
Beds
0
Baths
0
½ Baths
0.62
Acres
7,280
SQFT
$278
$/SQFT
1947
Built
Neighborhood:
10
County:
Kern
Area:
10
Elementary School:
Penn, William
Middle School:
Curran
High School:
Bakersfield
School District:
Bakersfield City
Property Description
We are excited to present for sale this charming fourteen unit cottage-style apartment complex. Consisting of fourteen (14) one (1) bedroom, one (1) bathroom units, this offering is situated on a 27,007 sq.ft. lot with a gross rentable square footage of 7,280. A majority of the units were renovated in 2021 and filled with a strong tenant base at almost market rent! These cottages are located in one of Bakersfield's most desirable downtown areas, which ensures you will have no issues with vacancy. Do not miss the opportunity to own a piece of the Beautiful and Historical Oleander Community!
Exterior Features

Garages 0 Parking Uncovered Parking Spaces 0.00

Property Features

Annual Gross Income 171386.00 Annual Net Income 111503.00 Cap Rate 0.06 Disclosures Call Listing Agent Multifamily Type 11 Plus Total Annual Expense 54741.00 Vacancy Factor 3.00

Listing courtesy of Eric Vandenk of Central Valley Property Advisors: .


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 Central Valley Property Advisors 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: 2022-10-05T21:31:39.78.
 
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Louise Juracek | Open Door Real Estate
5351 Olive Drive, Suite 150
Bakersfield CA, 93308