$1,800,000

Bed

Bath
10,830
SqFt
0.52
Acre Lot
22,822
Sqft Lot

Property Map

$1,800,000 – 2305 Palm Street, Bakersfield, CA 93304

Street View

Courtesy of Peter Peralta, Watson Realty ERA.

Description

20 Unit Apartment complex in one of Bakersfield, CA most desirable neighborhoods. Bread and Butter rental units are currently 100% occupied with very strong rental history due to high demand rental area. Boasting a total of 6 different buildings 3 of which are single story and 3 of which are 2 story townhouses style units. The property has a unit mix of 4-3 bedroom and 1 bath units; 15-2 bedroom and 1.5 bath units; and 1-2 bedroom and 1 bath unit.

Property Details and Features

Listing

  • Listed on 2018-04-27 00:00:00

Location

  • City: Bakersfield

  • ZIP code: 93304

  • Area: 10

  • County: Kern

House

  • Built in 1951

  • 10,830 square feet

  • 20 units

Parking

  • Uncovered

Lot

  • Lot measurement: SqFt

  • Lot is 22,822 square feet

Miscellaneous

  • Annual gross income: $178,200

  • Annual net income: $119,229

  • Total annual expense: $58,971

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