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Mixed-Use

2035 Niles St

2035 Niles St, Bakersfield, CA 93305

Listing Price: $885,000

Cap Rate
7.48%
Number of Units
8
Price/Unit
$110,625
Price/Gross SF
$65.56
Gross SF
13,500

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this RARE Mixed Use (MUSE) multi- unit apartment and Retail suite complex. There are (4) MF units and (4) retail suites located @ 2035 Niles Street, Bakersfield, Ca. 93305. Although these units are more mature with some required deferred maintenance, there have been steady renters for many, many years.

There is a very high market demand for this type & quantity of units due to supply on the market being very, very low. The unit mix is as follows; (4) 1bd/1ba (3 apts and 1 home) and (4) retail suites (2 rented and 2 available with interest). There are (3) garages that can bring in additional income from storage rent. The retail suites and rental house are single story. Three apartments are located above garages and one retail space. This creates ease of maintenance. All this sits on a larger 25,374sf fully paved lot for onsite parking. Each unit is separately metered for gas, electric with washer/dryer hook ups. Some units have Swamp Coolers and some have HVAC units.

This is a GREAT investment income property with upside potential. Dont miss out on your chance to diversify your income!!!

Investment Highlights

  • Opportunity, Opportunity, Opportunity
  • Located near Major Retail, Schools and Medical facilities
  • Easy access from multiple Highways
  • There is very high rental demand in the area with solid rents in Bakersfield
  • Units are well maintained and usually with a waiting list of renters
  • Opportunity to add a couple retail tenants for more Income

Exclusively Listed By

Financing By

Listing Price: $885,000

Cap Rate
7.48%
Number of Units
8
Price/Unit
$110,625
Price/Gross SF
$65.56
Gross SF
13,500

Investment Highlights

  • Opportunity, Opportunity, Opportunity
  • Located near Major Retail, Schools and Medical facilities
  • Easy access from multiple Highways
  • There is very high rental demand in the area with solid rents in Bakersfield
  • Units are well maintained and usually with a waiting list of renters
  • Opportunity to add a couple retail tenants for more Income

Investment Overview

Marcus and Millichap are pleased to have been chosen to Exclusively Represent for Sale this RARE Mixed Use (MUSE) multi- unit apartment and Retail suite complex. There are (4) MF units and (4) retail suites located @ 2035 Niles Street, Bakersfield, Ca. 93305. Although these units are more mature with some required deferred maintenance, there have been steady renters for many, many years.

There is a very high market demand for this type & quantity of units due to supply on the market being very, very low. The unit mix is as follows; (4) 1bd/1ba (3 apts and 1 home) and (4) retail suites (2 rented and 2 available with interest). There are (3) garages that can bring in additional income from storage rent. The retail suites and rental house are single story. Three apartments are located above garages and one retail space. This creates ease of maintenance. All this sits on a larger 25,374sf fully paved lot for onsite parking. Each unit is separately metered for gas, electric with washer/dryer hook ups. Some units have Swamp Coolers and some have HVAC units.

This is a GREAT investment income property with upside potential. Dont miss out on your chance to diversify your income!!!

Exclusively Listed By

Financing By

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