338 Norris Rd - Multi-Family FOR SALE


Bakersfield, CA 93308- North Country Meadows
$525,000 USD
661-770-7382
338 Norris Rd, Bakersfield, CA for Sale
$525,000 USD
Multi-Family - FOR SALE
1/29
null | 8.69% Cap Rate

338 Norris Rd
Bakersfield, CA 93308
North Country Meadows


HIGHLIGHTS

  • Strong in-place income: $4,750 per month
  • 100 percent occupancy with stable rent roll
  • Four-unit mixed use asset including 3 residential units and 1 street-facing commercial unit
  • Strong rent demand in the submarket supports both long-term appreciation and operational stability

OVERVIEW

Mixed use property with 3 residential units and 1 commercial unit generating $4,750 per month. Two units recently renovated. Please do not disturb tenants. Showings available once terms are agreed upon. Buyer to verify all rents, expenses, unit counts and zoning. Financials and rent roll available upon request. Seller is motivated and open to quick close, low contingency offers as he has identified another investment opportunity and prefers to free up capital. Listing agent is a licensed real estate broker.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

-

CAP RATE

8.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

C-2

APN/PARCEL ID

112-253-11-00-2

ASK ABOUT THIS PROPERTY

Sanjeev AdvaniSanjeev Advani, BrokerMore Info
661-770-7382

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Sanjeev AdvaniSanjeev Advani, BrokerMore Info
661-770-7382

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