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2325 Chester Lane

Bakersfield, CA 93304
  • $1,800,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 202403022
$1,800,000
  • 0
    BEDS
  • 0.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,280
    SQFT
  • $247
    $/SQFT
Neighborhood:
10
Type:
Multi-Family
Built:
1947
County:
Area:
10

School Information

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

Description

Introducing an enchanting fourteen-unit cottage-style apartment complex for sale. Comprising fourteen (14) one-bedroom, one-bathroom units, set on a 27,007 sq.ft. lot with 7,280 sq.ft. of gross rentable space. The majority of units underwent renovations in 2021 and has plenty of room for rental increases. Nestled in Bakersfield's coveted downtown, these cottages promise low vacancy rates. Don't let this chance slip away to own a slice of the picturesque and historic Oleander Community!

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 Infinity 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: 2024-04-03T23:31:38.88.
www.kerncountyhouse.com/homes/149027892
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2325 Chester Lane Bakersfield, CA 93304

  • Price: $1,800,000
  • Status: Active
  • On Site: 21 Days
  • ID#: 202403022
0
Beds
0
Baths
0
½ Baths
0.62
Acres
7,280
SQFT
$247
$/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
Introducing an enchanting fourteen-unit cottage-style apartment complex for sale. Comprising fourteen (14) one-bedroom, one-bathroom units, set on a 27,007 sq.ft. lot with 7,280 sq.ft. of gross rentable space. The majority of units underwent renovations in 2021 and has plenty of room for rental increases. Nestled in Bakersfield's coveted downtown, these cottages promise low vacancy rates. Don't let this chance slip away to own a slice of the picturesque and historic Oleander Community!
Exterior Features

Garages 0 Parking Uncovered Parking Spaces 0.00

Property Features

Annual Gross Income 159996.00 Annual Net Income 105255.00 Cap Rate 0.06 Disclosures Call Listing Agent Multifamily Type 11 Plus Total Annual Expense 54741.00 Vacancy Factor 3.00

Listing courtesy of Esteban Contreras of Central Valley Property Advisors: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 Infinity 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: 2024-04-03T23:31:38.88.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301