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$ 1,850,000
Est. payment /mo
Price Dropped by $50K
2115 G Street Bakersfield, CA 93301
3,610 SqFt
UPDATED:
11/20/2024 04:41 PM
Key Details
Property Type Commercial
Sub Type 11 Plus
Listing Status Active
Purchase Type For Sale
Square Footage 3,610 sqft
Price per Sqft $512
MLS Listing ID 202410326
Year Built 2006
Property Description
We're excited to present a lucrative twelve (12) unit multifamily investment in the heart of Bakersfield's vibrant Downtown Corridor, just steps from the iconic Fox Theatre and the renowned Padre Hotel. This exceptional property spans two Contiguous parcels: an eight-unit building Constructed in 2006 and a four-unit building from 1968. Both buildings feature spacious one-bedroom, one-bathroom units, making them highly desirable in today's rental market. Five of the twelve units have already been tastefully remodeled and are achieving top-market rents. The remaining seven units present a tremendous opportunity for the next owner to complete the remodels and bring them up to market rent, unlocking significant additional income potential. This asset provides immediate cash flow and a clear path to enhanced revenue growth. Whether you're an experienced investor or looking to break into multifamily investments, Seize the opportunity to unlock potential in a prime location today!
Location
State CA
County Kern
Area 10
Exterior
Parking Features Uncovered
Building
Story 2
Schools
Elementary Schools Franklin
Middle Schools Emerson
High Schools Bakersfield
School District Bakersfield City
Listed by Esteban Contreras • Central Valley Property Adviso