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.