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10331 Rosedale Highway

Bakersfield, CA 93312
  • $790,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: 202112121
UPDATED: 52 min ago
$790,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,251
    SQFT
  • $186
    $/SQFT
Neighborhood:
62
Type:
Commercial
Built:
1976
County:
Area:
62

School Ratings & Info

Description

Great Investment rehab project that you will see 13-15% ROI on: things that have been completed: 1. Electrical panel upgrade to 6 meters and PG&E overhead line update ( PG&E permits paid along with Electrition to be installed when Remodel permits are pulled) 2. Fencing and concrete work along with gutting the interior complete 3.Clean Alta One: Confirmed with all agency's: EPA, Fire, City & County and no record of underground tanks being a issue. 4.Septic pump & certification 5.new flat work concrete complete on the West side 6.Taco truck currently leases and will continue to lease while the rehab is being done for $900 per month, once rehab is complete space rent would be between $1,400-$1,600 per month 7. Market rent is $2.45-$2.65 sqft NNN X 6,276sqft = $16,631.00 X 12months = $199,577.00 ( plus Taco truck ) Rehab @ $650k total investment $1,440,000.00 ROI 13.9% plus Taco truck income puts it at ((15.20% ROI ))

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Clemmer And Company Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-12-03T16:31:37.073.
www.kerncountyhome.com/homes/123216387
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10331 Rosedale Highway Bakersfield, CA 93312

  • Price: $790,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 52 min ago
  • ID#: 202112121
0
Beds
0
Baths
0
½ Baths
0.44
Acres
4,251
SQFT
$186
$/SQFT
1976
Built
Neighborhood:
62
County:
Kern
Area:
62
Property Description
Great Investment rehab project that you will see 13-15% ROI on: things that have been completed: 1. Electrical panel upgrade to 6 meters and PG&E overhead line update ( PG&E permits paid along with Electrition to be installed when Remodel permits are pulled) 2. Fencing and concrete work along with gutting the interior complete 3.Clean Alta One: Confirmed with all agency's: EPA, Fire, City & County and no record of underground tanks being a issue. 4.Septic pump & certification 5.new flat work concrete complete on the West side 6.Taco truck currently leases and will continue to lease while the rehab is being done for $900 per month, once rehab is complete space rent would be between $1,400-$1,600 per month 7. Market rent is $2.45-$2.65 sqft NNN X 6,276sqft = $16,631.00 X 12months = $199,577.00 ( plus Taco truck ) Rehab @ $650k total investment $1,440,000.00 ROI 13.9% plus Taco truck income puts it at ((15.20% ROI ))
Property Features

Annual Gross Income 218000.00 Annual Net Income 218000.00 Cap Rate 15.02 Commercial Type Commercial Current Use Multi Tenant Total Annual Expense 0.00 Zone C-1

Listing courtesy of Shawn Barton of Clemmer And Company Real Estate Services.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Clemmer And Company Real Estate Services or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-12-03T16:31:37.073.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313