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Multifamily

Bay Street Apartments

2400 Bay St, Bakersfield, CA 93301

Listing Price: $775,000

Cap Rate
5.01%
Number of Units
5
GRM
13.08
Occupancy
97.0%
Price/Unit
$155,000
Price/Gross SF
$201.82
Gross SF
3,840

Investment Overview

Marcus & Millichap is pleased to present this two-story 5-plex located in Westchester of
Bakers?eld. Built-in 1978, this (5) Unit Multi-Family complex is located at 2400 Bay Street Bakers?eld, CA 9330 1 with an APN: 001-302-07-00-09.

The property has (5) highly desirable rental units. All units consist of 2 Bed / 1 Bath. Each unit has a kitchen, living room, hookups for laundry, and their own designated carport parking space with a storage closet. Each unit is separately metered for gas, electricity, and water. Every unit is equipped with HVAC. (Some fairly new)

These units are new to the market and a great investment opportunity! They are located in one of Bakers?eld’s strongest and highest rental markets in a highly sought-after area. Rarely does an investment opportunity come to the market in this area. If it does, the property is sold quickly. This geographic location is near schools, retail centers, downtown business district, and with easy access on/off Highway 99 and 24th St (Hwy 178). With its convenient location in Bakers?eld, you are in the vicinity of a very large rental pool.

Investment Highlights

  • Location, Location, Location
  • True Value Add-on Upside Potential
  • Units are Well Maintained and Generally Full
  • Located Near Downtown Retail, Eateries, and Schools
  • Located in the Desirable Westchester Part of Bakers?eld
  • Located in a Very Strong Rental Market with High Rental Demand

Exclusively Listed By

Financing By

Multifamily

Bay Street Apartments

Listing Price: $775,000

Cap Rate
5.01%
Number of Units
5
GRM
13.08
Occupancy
97.0%
Price/Unit
$155,000
Price/Gross SF
$201.82
Gross SF
3,840

Investment Highlights

  • Location, Location, Location
  • True Value Add-on Upside Potential
  • Units are Well Maintained and Generally Full
  • Located Near Downtown Retail, Eateries, and Schools
  • Located in the Desirable Westchester Part of Bakers?eld
  • Located in a Very Strong Rental Market with High Rental Demand

Investment Overview

Marcus & Millichap is pleased to present this two-story 5-plex located in Westchester of Bakers?eld. Built-in 1978, this (5) Unit Multi-Family complex is located at 2400 Bay Street Bakers?eld, CA 9330 1 with an APN: 001-302-07-00-09. The property has (5) highly desirable rental units. All units consist of 2 Bed / 1 Bath. Each unit has a kitchen, living room, hookups for laundry, and their own designated carport parking space with a storage closet. Each unit is separately metered for gas, electricity, and water. Every unit is equipped with HVAC. (Some fairly new) These units are new to the market and a great investment opportunity! They are located in one of Bakers?eld’s strongest and highest rental markets in a highly sought-after area. Rarely does an investment opportunity come to the market in this area. If it does, the property is sold quickly. This geographic location is near schools, retail centers, downtown business district, and with easy access on/off Highway 99 and 24th St (Hwy 178). With its convenient location in Bakers?eld, you are in the vicinity of a very large rental pool.

Exclusively Listed By

Financing By

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