1700 Lincoln St - Apartments FOR SALE


Bakersfield, CA 93305- East Bakersfield
$895,000 USD
310-740-7283
1700 Lincoln St, Bakersfield, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/28
null | 8.23% Cap Rate

1700 Lincoln St
Bakersfield, CA 93305
East Bakersfield


HIGHLIGHTS

  • 8.23% Cap Rate!
  • 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. Current cap rate of 8.23% and GRM of 7! This corner property is within walking distance to the Kern Medical Hospital. Price has been adjusted by $100,000 to account for any retrofitting or differed maintenance.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

10

PRICE/UNIT

$89,500

CAP RATE

8.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8.23% Cap Rate | Major Reduction | 10 Units

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 Notice.