Multifamily

Hopkins Apartments

113 Hopkins Ave, Bakersfield, CA 93308

Listing Price: $425,000

Cap Rate
5.65%
Number of Units
8
GRM
9.02
Occupancy
95.00%
Price/Unit
$53,125
Price/Gross SF
$159.24
Gross SF
2,669

Investment Overview

Marcus and Millichap is pleased to have been chosen to exclusively represent for sale a golden opportunity in Bakersfield, California. This multi-family apartment consists of (1) one-bedroom/one-bath and (7) studios for a total of eight fully rented units. The property was constructed in 1925 and has been renovated accordingly since.. The Hopkins apartments are located north of Hwy 178 off of Chester Ave for an easy commute around the city of Bakersfield. Bakersfield is conveniently located between San Francisco & Los Angeles which are becoming more expensive to live and thus resulting in more people moving to the wonderful city of Bakersfield. In addition, Bakersfield is known for its rich agriculture, black gold (oil), delicious dining, and its warm and welcoming small town charm. Due to large manufacturing companies being stationed in Bakersfield results in high job demands such as Amazon which is only a ten minute drive from the Hopkins apartments. Lastly, Bakersfield takes pride in its small town feel and high quality of life that accompanies its big city amenities. Don't miss this rare opportunity to own the Hopkins Apartments!

Investment Highlights

  • Bakersfield's population is increasing every year
  • Near Hwy 178
  • Bakersfield has low vacancies

Exclusively Listed By

Listing Price: $425,000

Cap Rate
5.65%
Number of Units
8
GRM
9.02
Occupancy
95.00%
Price/Unit
$53,125
Price/Gross SF
$159.24
Gross SF
2,669

Investment Highlights

  • Bakersfield's population is increasing every year
  • Near Hwy 178
  • Bakersfield has low vacancies

Investment Overview

Marcus and Millichap is pleased to have been chosen to exclusively represent for sale a golden opportunity in Bakersfield, California. This multi-family apartment consists of (1) one-bedroom/one-bath and (7) studios for a total of eight fully rented units. The property was constructed in 1925 and has been renovated accordingly since.. The Hopkins apartments are located north of Hwy 178 off of Chester Ave for an easy commute around the city of Bakersfield. Bakersfield is conveniently located between San Francisco & Los Angeles which are becoming more expensive to live and thus resulting in more people moving to the wonderful city of Bakersfield. In addition, Bakersfield is known for its rich agriculture, black gold (oil), delicious dining, and its warm and welcoming small town charm. Due to large manufacturing companies being stationed in Bakersfield results in high job demands such as Amazon which is only a ten minute drive from the Hopkins apartments. Lastly, Bakersfield takes pride in its small town feel and high quality of life that accompanies its big city amenities. Don't miss this rare opportunity to own the Hopkins Apartments!

Exclusively Listed By

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