Two well-maintained 4-plex buildings on one parcel..... 8 units, 100% occupied, and generating $8,960 a month in ACTUAL gross income right now! 4320 Columbus Street is a turnkey cash flow investment sitting in the desirable 93306 corridor near Bakersfield College — strong rental demand, quality tenants, and day one income with no lease-up required.
Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing.
All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system.
Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.