$995,000
331 Haybert Court Bakersfield, CA 93304
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Listed by Kristopher German • RE/MAX 2000 REALTY
$995,000
Est. payment /mo
5,439 SqFt
UPDATED:
11/01/2024 05:57 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,439 sqft
Price per Sqft $182
MLS Listing ID CRCV24213601
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1946
Lot Size 0.310 Acres
Property Description
We are pleased to exclusively offer for sale 331 Haybert Court, a rare find in the heart of the Bakersfield rental market. This meticulously maintained multi-family property features a charming 2-Bedroom/1-Bathroom single story cottage alongside five spacious 2-Bedroom/1.5-Bathroom Townhouse style units. The 2 bedroom cottage was built in 1946 and the (5) townhome units were built in 1978. Showcasing exceptional pride of ownership, the property is highlighted by modernized renovations throughout such as new flooring, kitchens, bathrooms and more, making it a turnkey investment. With a current Gross Rent Multiplier (GRM) of 9.56 and an impressive Cap Rate of 7.76%, this asset offers one of the highest returns available in the market. Each unit is equipped with individual washer/dryer hookups and utilizes a Ratio Utility Billing System (RUBS) for streamlined utility management, minimizing expenses for the owner. Tenants also appreciate private backyards, providing added privacy. Additionally, the extra space on the lot presents an opportunity for an Accessory Dwelling Unit (ADU)�??buyer to verify with the proper city authorities. Don�??t miss the chance to acquire a well-performing asset with significant growth potential.
Location
State CA
County Kern
Interior
Fireplace No
Laundry Gas Dryer Hookup, Other
Building
Water Public
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