7
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$1,075,000
Est. payment /mo
5,917 SqFt
Price Dropped by $25K
1607 Palm Drive Bakersfield, CA 93305
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,917 sqft
Price per Sqft $181
MLS Listing ID 202602500
Year Built 1950
Property Sub-Type 5 - 10 Units
Property Description
One of the most updated, top-tier managed 10-unit buildings coming on the market in some time. The East Bakersfield offering consists of two 2-bedroom units, and eight 1-bedroom units, fully occupied, modern dual-pane windows, updated exterior paint, beautiful grounds. Owner takes pride in providing a quality living experience for their tenants that has led to happy long-term residents. The 2-bedroom units rent in the $1291-1522 range, and the 1-bedroom units rent in the $744-1194 range. The cap rate is 7.7%.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Garage, Uncovered
Building
Story 2
Schools
Elementary Schools Mann, Horace
Middle Schools Compton
High Schools East
Listed by Phil M Jordan • Keller Williams Realty
Nearby Locations
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