Stockdale Fourplex

5916 Stockdale Hwy. Bakersfield, CA 93309

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$469,500
Last Verified:
Mar 12, 2019


Description

One of Bakersfield's best choice locations on HIGH DEMAND West side of town. Stockdale area. EZ to find great tenants and keep fully occupied. Close to Calif. State University Bakersfield, Vons, Starbucks, and Trader Joe's. Property is very well taken care of. Rents are well under market. Front unit is like an "Owner's unit", with 3 bedrooms/2 baths and nice front yard. renting for $1200/mth. Upstairs are two 2 bedroom units renting for $825 and $775. BIG bedrooms. In the back is a 1 bedroom unit, laundry room, and pool. Carport parking. Property is set AWAY from main road, on a surface street. 3 of the central AC units are newer, installed in last 5 yrs. Market rents are 1200+900+900+750=$3750/mth.

Projected cap rate 5.7.

West on Stockdale Hwy


Year Built: 1967
Building Size: 4525.0sq ft
Building Class: B
Lot Size: 0.25 acres

Map of 5916 Stockdale Hwy., Bakersfield, CA, 93309

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