701 Woodrow Ave - Apartments FOR SALE


Bakersfield, CA 93308- Outer NW Bakersfield
$649,000 USD
661-206-2447
701 Woodrow Ave, Bakersfield, CA for Sale
$649,000 USD
Apartments - FOR SALE
1/16
null | 6% Cap Rate

701 Woodrow Ave
Bakersfield, CA 93308
Outer NW Bakersfield


OVERVIEW

We are excited to present for sale this rare 5-unit corner property with big value-add upside in the detached front 3 bed / 2 bath home. While four units have already been renovated two down-to-the-studs and two full remodels featuring vinyl flooring, new stucco, windows, AC units, counters, and appliancesthe front house is the real opportunity. It's freshly painted and clean, but with light TLC, it can push rents up $400-$500/month, making a huge impact on total income. Over $250K in improvements already done, including a new main sewer line, plus upgraded plumbing and electrical. Unit mix includes 3/2, 2/2, (2) 1/1s, and a studio perfect for rental demand. Strong cash flow now with clear room to grow. Ideal for investors who want a solid performing asset with a high-upside project already teed up. Hard to find a Bakersfield multifamily like this with the heavy lifting already done and a path to even better returns.

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$185 USD /SF

# OF UNITS

5

PRICE/UNIT

$129,800

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RS

APN/PARCEL ID

113-042-12-00-4

ASK ABOUT THIS PROPERTY

Esteban ContrerasVanguard Realty InvestmentsMore Info
661-206-2447

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Esteban ContrerasVanguard Realty InvestmentsMore Info
661-206-2447

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