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Multifamily

100 & 104 Warren Ave. Bakersfield, CA 93308

100 Warren Ave, Bakersfield, CA 93308

Listing Price: $475,000

Cap Rate
5.20%
Number of Units
4
Occupancy
100.0%
Price/Unit
$118,750
Price/Gross SF
$109.20
Gross SF
4,350

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale these two value-add Duplexes in North Bakersfield. They will be sold as a Portfolio. These two Multi-Family Duplexes are located at 100 & 104 Warren Ave. in Bakersfield, CA 93308. The properties were both built in 1971 with some maintenance and upgrades periodically since. These units have been recently remolded. Each unit contains 3 bedrooms and 1 ½ baths. Each unit size is approximately 1,100 square feet. These properties have (2) highly desirable rental units each (4 total units). Each unit is separately metered for gas and electricity. With some TLC these units could command higher rents. These units are new to the market and are a great investment opportunity to grow your portfolio. They are located in a very, very strong rental market in a highly sought-after area. Rarely does an investment opportunity open in this area. If it does, the property is sold quickly. This geographic location is near schools and rapid-growing retail locations with easy access on/off the freeways. With its convenient location in Bakerfield, you are in the vicinity of a very large rental pool.

Investment Highlights

  • Units are well maintained and generally full
  • Easy access from the highway and main roads
  • Located in a desirable part of North Bakersfield
  • Great investment property with value-add opportunities
  • There is very high rental demand in the area with strong rents
  • This rental property is near retail shopping, eateries, and schools

Exclusively Listed By

Financing By

Multifamily

100 & 104 Warren Ave. Bakersfield, CA 93308

Listing Price: $475,000

Cap Rate
5.20%
Number of Units
4
Occupancy
100.0%
Price/Unit
$118,750
Price/Gross SF
$109.20
Gross SF
4,350

Investment Highlights

  • Units are well maintained and generally full
  • Easy access from the highway and main roads
  • Located in a desirable part of North Bakersfield
  • Great investment property with value-add opportunities
  • There is very high rental demand in the area with strong rents
  • This rental property is near retail shopping, eateries, and schools

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale these two value-add Duplexes in North Bakersfield. They will be sold as a Portfolio. These two Multi-Family Duplexes are located at 100 & 104 Warren Ave. in Bakersfield, CA 93308. The properties were both built in 1971 with some maintenance and upgrades periodically since. These units have been recently remolded. Each unit contains 3 bedrooms and 1 ½ baths. Each unit size is approximately 1,100 square feet. These properties have (2) highly desirable rental units each (4 total units). Each unit is separately metered for gas and electricity. With some TLC these units could command higher rents. These units are new to the market and are a great investment opportunity to grow your portfolio. They are located in a very, very strong rental market in a highly sought-after area. Rarely does an investment opportunity open in this area. If it does, the property is sold quickly. This geographic location is near schools and rapid-growing retail locations with easy access on/off the freeways. With its convenient location in Bakerfield, you are in the vicinity of a very large rental pool.

Exclusively Listed By

Financing By

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