9 Unit Apartment in Bakersfield CA
Off Market
UNIT MIX
8 Units: 1 bed 1 bath
1 Unit: 2 bed 1 bath
10 single car garages
5 uncovered parking spaces
All are separately metered for electric and gas
Square footage total: 4678 sqft total
# of buildings: 5 buildings total on one parcel
Lot Size: .33 acres
Year Built: 1948 / Remodeled 1995
Property Notes:
Rent roll and lease agreements provided to Verified buyers
Great Upside / property brings in about $81,000 in annual rents / can be raised
ALL tenants except 1 are month to month.
Delivered with Tenant occupied.
Market rents: $1000 for 1 bed 1 bath (with private garage) (rent comps reference: rentcast.io)
Market Rents: $1200 for 2 bed 1 bath with garage (rent comps reference: rentcast.io)
Potential to convert a number of the garages to studio or 1 bed 1 bath for additional cashflow since there is 15 parking spaces combined covered and uncovered. / only 9 units.
current income: $81,000/year
Potential income: $110,400 year (excluding any ADU conversions)
ASKING PRICE: $745,000
$83,333/unit +/-
BUY IT NOW: 750,000
Photo Link HERE
--------------------------------- Multi Family Sale COMPS --------------------------------
COMP #1
Address: 1018 Miller St Bakersfield
1 bed 1 baths all units
Sold Price: $1,200,000 (all remodeled units)
Sold on: closing escrow / pending at 120k a unit
10 Units
all 1 bed 1 baths
No garages
Comp #2
Address: 401 Irene st
Sold Price: 886,500
9 units
sold on: June 11, 2024
Comp #3
Address: 601-611 Eye St
Sold price: $1,200,000
Sold on: 07/06/23
10 units
9- 1 bed 1 baths
1- 2 bed 1 bath
no garages for tenants
walkthroughs are available for serious inquiries ONLY!
Call or text Motuma for more details on this
209-219-2459
WHOLESALE UNDER CONTRACT / ASSIGNING TO CASH BUYER.
Realtors-add your commission on top of our sales price
Click the BUY IT NOW button to lock this one down and avoid bidding wars
Must use seller's escrow company
Buyer pays all closing costs
The deal is not final until EMD is received
Realtors/wholesalers add commission to our asking price
.*Important Notes & Disclaimers*
Approaching the seller at any point is prohibited. Anyone who does will be permanently removed from our buyer's list AND black-listed with all other major wholesalers in the area. Further, such contact will be viewed as intentional interference with a contract and may result in legal action being brought against you.
We have a contract with the seller of this property and are therefore a PRINCIPAL in the transaction. We do NOT have a listing agreement with the seller; this is NOT a 'pocket listing.'
Buyers are encouraged to perform their own due diligence regarding properties advertised by TLC Home Deals Information provided by TLC Home Deals about advertised properties is taken from public records and other sources, is provided in good faith, but is not guaranteed to be accurate. After renovated value ("ARV"), estimated repair costs, and other such figures are simply estimates; as such, buyers should conduct their own analysis and diligence regarding all aspects of the property prior to offering/purchasing.
Bedrooms | |
Bathrooms | |
Sq. footage |