1661 Camino Sierra - Multi-Family FOR SALE


Bakersfield, CA 93306- Hillcrest
$459,000 USD
661-230-6411
1661 Camino Sierra, Bakersfield, CA for Sale
$459,000 USD
Multi-Family - FOR SALE
1/4
null | 3.04% Cap Rate

1661 Camino Sierra
Bakersfield, CA 93306
Hillcrest


OVERVIEW

Wow, what a price! These Hillcrest duplexes each have a 2bed/1bath unit and a 1bed/1bath unit. The rents are about $1400/month. Rents are significantly under market rented to long-term tenants, paying "month-to-month". Good tenants always pay on time. The opportunity here is to buy in a desirable neighborhood at a very low price per unit. Then make improvements to the units and over time as tenants move on, rehab them, and bring up to full market value. There are 2 parcels next to each other: each parcel has one duplex and a 2-car garage. 1661 Camino Sierra is a separate legal parcel, adjacent 2804 Horace Mann Ct, selling concurrently to the same buyer, , cash as-is, due to significant deferred maintenance.

FOR SALE DETAILS

PRICE

$459,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

4

PRICE/UNIT

$114,750

CAP RATE

3.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camino Sierra and Horace Mann Duplexes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

R2

APN/PARCEL ID

136-191-07-00-4

ASK ABOUT THIS PROPERTY

Philip JordanJordan Apartment GuysMore Info
661-230-6411

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Philip JordanJordan Apartment GuysMore Info
661-230-6411

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