1700 Lincoln St - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$1,150,000 USD
310-740-7283
1700 Lincoln St, Bakersfield, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/28
null | 5.68% Cap Rate

1700 Lincoln St
Bakersfield, CA 93305
East Bakersfield


HIGHLIGHTS

  • Well Maintained 10 Unit Apartment Building
  • Good Unit Mix | 6 (2+2) 4 (1+1)
  • Walking Distance to Kern Medical Hospital
  • Upside in Rents

OVERVIEW

Weiss CRE and Kidder Mathews are pleased to present for sale 1700 Lincoln Street in Bakersfield, CA. This ten unit apartment building has six 2 bedroom 1 bath units and four 1 bedroom 1 bath units. The current cap rate is 5.68%, with a GRM of 9.92. The pro forma cap rate is 7.37%, with a GRM of 8.41. This corner property is within walking distance to the Kern Medical Hospital.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

10

PRICE/UNIT

$115,000

CAP RATE

5.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-3

APN/PARCEL ID

128-170-11-00-3

ASK ABOUT THIS PROPERTY

Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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Elizabeth ClarkKidder MathewsMore Info
310-740-7283

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