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520 H Street

Bakersfield, CA 93304
  • $975,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: 202201963
$975,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,831
    SQFT
  • $202
    $/SQFT
Neighborhood:
10
Type:
Multi-Family
Built:
1935
County:
Area:
10

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Pride of ownership is shown with this 7 unit apartment complex.​ Each unit is 1 bed 1 bath with a beautiful and gated central courtyard and each unit has its own designated garage for parking.​ There is huge upside potential.​​ The property has been professionally managed, all tenants have been throughly pre-screened for qualification prior to occupancy.​ Just recently, the newest tenant moved in and is paying $1195 per month.​ The pro forma monthly rental income is $8,365 p/m and $100,380 p/y.​​​ Property is in great condition and does not require any immediate repairs.​The current location is appealing to local business professionals who work in the Downtown Bakersfield area including attorneys, paralegals and court clerks, within walking distance to the bus station, local businesses, and Bakersfield High School.​

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. 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 Watson Realty 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: 2022-05-22T23:31:29.477.
www.kerncountyhome.com/homes/126172388
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520 H Street Bakersfield, CA 93304

  • Price: $975,000
  • Status: Active
  • On Site: 85 Days
  • ID#: 202201963
0
Beds
0
Baths
0
½ Baths
0.32
Acres
4,831
SQFT
$202
$/SQFT
1935
Built
Neighborhood:
10
County:
Kern
Area:
10
Elementary School:
Roosevelt_Bak
Middle School:
Emerson
High School:
Bakersfield
School District:
Bakersfield City
Property Description
Pride of ownership is shown with this 7 unit apartment complex.​ Each unit is 1 bed 1 bath with a beautiful and gated central courtyard and each unit has its own designated garage for parking.​ There is huge upside potential.​​ The property has been professionally managed, all tenants have been throughly pre-screened for qualification prior to occupancy.​ Just recently, the newest tenant moved in and is paying $1195 per month.​ The pro forma monthly rental income is $8,365 p/m and $100,380 p/y.​​​ Property is in great condition and does not require any immediate repairs.​The current location is appealing to local business professionals who work in the Downtown Bakersfield area including attorneys, paralegals and court clerks, within walking distance to the bus station, local businesses, and Bakersfield High School.​
Exterior Features

Garages 0 Parking Garage Parking Spaces 0.00

Property Features

Annual Gross Income 100380.00 Annual Net Income 70266.00 Cap Rate 0.07 Disclosures None Of The Above Multifamily Type 5 - 10 Units Total Annual Expense 30114.00 Vacancy Factor 1.00

Listing courtesy of Peter Peralta of Watson Realty.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. 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 Watson Realty 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: 2022-05-22T23:31:29.477.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313