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424 Woodrow Street

Taft, CA 93268
  • $1,950,000
  • STATUS: Active
  • ON SITE: 34 Days
  • ID#: 202213211
UPDATED: 24 min ago
$1,950,000
  • 0
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,046
    SQFT
  • $122
    $/SQFT
Neighborhood:
96
Type:
Multi-Family
Built:
1964
County:
Area:
96

School Information

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

Description

Fantastic 20 - unit complex in Taft, CA, just 35 minutes outside of Bakersfield. Unit Mix is eight 1bed/1bath units renting at $800-850 range, and twelve 2bed/1bath units renting in $900-950 range. Super well-managed, the complex is fully occupied with no delinquencies: tenants pay between the 1st and 3rd of the month. Property has new windows(2021), recent exterior paint (2021), New roof (2022). Interior courtyard landscaping re-done in 2021. Almost all of the Central AC/Heat units are modern, about half of them were just replaced in the last 2-4 years. On-site manager is doing an excellent job with tenant choice. The interior of the units are in basic avg condition, but there is definitely upside by upgrading kitchens, bathrooms, and flooring to explore the $1100-1300 rent range.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2023. 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 Keller Williams Realty 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: 2023-01-27T21:31:44.863.
www.kerncountyhouse.com/homes/135589621
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424 Woodrow Street Taft, CA 93268

  • Price: $1,950,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 24 min ago
  • ID#: 202213211
0
Beds
0
Baths
0
½ Baths
0.5
Acres
16,046
SQFT
$122
$/SQFT
1964
Built
Neighborhood:
96
County:
Kern
Area:
96
Elementary School:
Roosevelt_Taft
Middle School:
Lincoln
High School:
Taft
School District:
Taft City
Property Description
Fantastic 20 - unit complex in Taft, CA, just 35 minutes outside of Bakersfield. Unit Mix is eight 1bed/1bath units renting at $800-850 range, and twelve 2bed/1bath units renting in $900-950 range. Super well-managed, the complex is fully occupied with no delinquencies: tenants pay between the 1st and 3rd of the month. Property has new windows(2021), recent exterior paint (2021), New roof (2022). Interior courtyard landscaping re-done in 2021. Almost all of the Central AC/Heat units are modern, about half of them were just replaced in the last 2-4 years. On-site manager is doing an excellent job with tenant choice. The interior of the units are in basic avg condition, but there is definitely upside by upgrading kitchens, bathrooms, and flooring to explore the $1100-1300 rent range.
Exterior Features

Garages 0 Parking Carport Parking Spaces 0.00

Property Features

Annual Gross Income 211146.00 Annual Net Income 97971.00 Cap Rate 0.05 Disclosures None Of The Above Multifamily Type 11 Plus Total Annual Expense 113175.00 Vacancy Factor 1.00

Listing courtesy of Philip Jordan of Keller Williams Realty: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2023. 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 Keller Williams Realty 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: 2023-01-27T21:31:44.863.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301