3300 Rio Mirada Dr - Apartments FOR SALE
Bakersfield, CA 93308 |
3300 Rio Mirada Dr
Bakersfield, CA 93308
HIGHLIGHTS
- The Rio Mirada Villas property offers a value-add, 208-unit apartment community currently 83% occupied, below market occupancy levels of 97%.
- Strategically positioned just off the 99 and 204 Freeways, providing quick commutes, access to top-tier amenities, and exposure to over 163K VPD.
- Operational and lease upsides to implement a Ratio Utility Billing System or demolish the 10,000-SF restaurant and develop the remaining 2 acres.
- Additional value-add opportunity to reposition the units by adding kitchens and marketing them as micro units for increased rent.
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Value-Add Apartments With Operation Upside
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
76448
STORIES
3
YEAR BUILT
1984
PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
116-110-16-00-3
