2508 Ashe Rd - Apartments FOR SALE


Bakersfield, CA 93309- Sagepointe
$850,000 USD
818-445-8900
2508 Ashe Rd, Bakersfield, CA for Sale
$850,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

2508 Ashe Rd
Bakersfield, CA 93309
Sagepointe


HIGHLIGHTS

  • Five Unit Multifamily Property in Southwest Bakersfield
  • Four 2 Bedroom Units Plus One 3 Bedroom Unit
  • In Unit Laundry, Central HVAC, and Five Garages

OVERVIEW

2508 Ashe Road is a well maintained five-unit multifamily property in a desirable Southwest Bakersfield location. Built in 1978, the property is in good condition and has a stable, reliable tenant mix. Vacant units rent very fast given the desirable area and central location. The unit mix includes four 2- bedroom x1bath units and one 3-bedroom unit. Each unit has in-unit laundry, central heating, and air conditioning. The property also includes five separate garages, with one garage attached to the three bedroom unit. Some rents are below market, providing a clear opportunity to increase income. California generally permits annual rent increases of 5% plus inflation, up to a maximum of 10%, where applicable. This is a strong income producing property with good tenants, desirable features, and room for future rental growth.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

5

PRICE/UNIT

$170,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,316 SF

ZONING

R-2

APN/PARCEL ID

355-361-04-00-1

ASK ABOUT THIS PROPERTY

Karina HaneyanJohnHart CommercialMore Info
818-445-8900

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Karina HaneyanJohnHart CommercialMore Info
818-445-8900

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