Listed by Colliers - Bakersfield, California
$395,000
Parish St & Harold Ave
Details
APN 187-101-07, 187-101-08, 187-101-09, 187-101-10, 187-101-12
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,251
Units 6
Cap Rate 8.57%
NOI $33,835
Occupancy 66.67%
Tenancy Multi
Pro-Forma NOI $33,835
Price per SqFt $122
Buildings 5
Acreage 0.760
Zoning R-3 PD FPS & C-2 PD FPS
Investment Type Value Add
Residential Income Property | 8.57% CAP | 6 Units
Marketing description
Subject properties are positioned at the south end of Lamont, CA. Offering includes three (3) separate properties totaling 6 residential income units, plus a vacant parcel of land. Located at the northwest corner of Harold St and Parish Ave, just off Main St.
Investment highlights
- Property consists of five (5) buildings for a total of 6 units
- 4 units are leased and 2 units are vacant
- Units vary between 1 bed 1 bath, 2 beds 1 bath, 3 beds 1 bath
- Month to month tenancy allows for immediate upside in rent
- Proforma NOI of approx. $33,835. See attached financial analysis
- Sale includes a 7,405 sf. vacant parcel of C-2 PD FPS zoned land
- Located within an Opportunity Zone where long-term investments may be eligible for preferential federal tax treatment
- Several other properties for sale from this portfolio. Call agent for details.
- Make offer subject to interior inspection.
Listing Contacts
Listed by Colliers - Bakersfield, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$33,835.00
$2,819.58/mo
Valuation Metrics
0
DSCR
8.57%
Cap Rate
8.57%
ROI
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