1607 Palm Dr - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$1,150,000 USD
805-453-8353
1607 Palm Dr, Bakersfield, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/6
null | 6.2% Cap Rate

1607 Palm Dr
Bakersfield, CA 93305
East Bakersfield


HIGHLIGHTS

  • Modern dual-pane windows
  • Updated exterior paint
  • Beautiful, well-kept grounds
  • Stable, long-term residency
  • Fully occupied 10-unit building
  • Desirable unit mix of 1-bedroom and 2-bedroom units

OVERVIEW

One of the most updated, top-tier managed 10-unit buildings coming on the market in some time. The East Bakersfield offering consists of two 2-bedroom units, and eight 1-bedroom units, fully occupied, modern dual-pane windows, updated exterior paint, beautiful grounds. Owner takes pride in providing a quality living experience for their tenants that has led to happy long-term residents. The 2-bedroom units rent in the $1291-1522 range, and the 1-bedroom units rent in the $744-1194 range.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

10

PRICE/UNIT

$115,000

CAP RATE

6.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,403 SF

ZONING

R3

APN/PARCEL ID

138-021-09-00-4

ASK ABOUT THIS PROPERTY

Philip JordanJordan Apartment GuysMore Info
805-453-8353

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Philip JordanJordan Apartment GuysMore Info
805-453-8353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.