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Multifamily

405 & 409 E Warren Avenue

405 E Warren Ave, Bakersfield, CA 93308

Listing Price: $734,000

Cap Rate
6.00%
Number of Units
6
GRM
11.17
Occupancy
95.0%
Price/Unit
$122,333
Price/Gross SF
$147.75
Gross SF
4,968

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this RARE opportunity to acquire a Mid-size Multi- Family property in Bakersfield , Ca. There are (2) Triplexes that share a common driveway on two separate APNs . These apartments are in very good condition and show pride of Ownership. All these units have been very well maintained. They were built in 1980 and have very stable renters. They are located @ 405 & 409 E Warren Ave, Bakersfield, Ca. 93308.

These units are sitting on approx. 20,482sf of total combined lot. There are (6) different rental units with some garages available. There are (2) 3bd/2ba and (4) 2bd/1ba units. Each unit is separately metered for gas, electric with newer roofs and HVAC units on each building. There are some washer/ dryer laundry hook ups.

VERY RARELY does a property with this quantity and condition of units come to market for re-sell. If they do, they never sit too long on the market when priced correctly. These are truly great investment properties. They are located in a very, very strong rental market in a highly sought-after area. This geographic location is near schools, retail, medical, entertainment and jobs with easy access on/off the freeways and thoroughfares. With its convenient location you are in vicinity of a very large rental pool.

Investment Highlights

  • Located by all City services, schools, Airport, retail and medical
  • This is a cash flow machine!
  • Located in the highly desirable rental part of Bakersfield
  • Easy access from multiple Highways
  • There is very high rental demand in the area with very strong rents
  • Units are well maintained and usually with a waiting list of renters

Exclusively Listed By

Multifamily

405 & 409 E Warren Avenue

Listing Price: $734,000

Cap Rate
6.00%
Number of Units
6
GRM
11.17
Occupancy
95.0%
Price/Unit
$122,333
Price/Gross SF
$147.75
Gross SF
4,968

Investment Highlights

  • Located by all City services, schools, Airport, retail and medical
  • This is a cash flow machine!
  • Located in the highly desirable rental part of Bakersfield
  • Easy access from multiple Highways
  • There is very high rental demand in the area with very strong rents
  • Units are well maintained and usually with a waiting list of renters

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this RARE opportunity to acquire a Mid-size Multi- Family property in Bakersfield , Ca. There are (2) Triplexes that share a common driveway on two separate APNs . These apartments are in very good condition and show pride of Ownership. All these units have been very well maintained. They were built in 1980 and have very stable renters. They are located @ 405 & 409 E Warren Ave, Bakersfield, Ca. 93308.

These units are sitting on approx. 20,482sf of total combined lot. There are (6) different rental units with some garages available. There are (2) 3bd/2ba and (4) 2bd/1ba units. Each unit is separately metered for gas, electric with newer roofs and HVAC units on each building. There are some washer/ dryer laundry hook ups.

VERY RARELY does a property with this quantity and condition of units come to market for re-sell. If they do, they never sit too long on the market when priced correctly. These are truly great investment properties. They are located in a very, very strong rental market in a highly sought-after area. This geographic location is near schools, retail, medical, entertainment and jobs with easy access on/off the freeways and thoroughfares. With its convenient location you are in vicinity of a very large rental pool.

Exclusively Listed By

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