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Key Details
Sold Price $890,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24006876
Sold Date 05/01/24
Bedrooms 10
HOA Y/N No
Lot Size 0.260 Acres
Property Description
Price Improvement! The Liberty Park apartments are a Pride of Ownership 4 Unit multifamily community built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 U (3-legal 4plxs) portfolio sale with the following properties in the same tract: 12912 Merlot Dr.(4U) and 2212 Cullen Ct. (4U). Sellers prefers to sell all 3 4plxs to the same buying entity. The subject property is a 4 unit apartment building situated on one spacious 11,313 sf lot. The subject property boasts an excellent unit mix of 2 (3+2) townhomes and 2 (2+2) townhome units, with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $189 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.
Price Improvement! The Liberty Park apartments are a Pride of Ownership 4 Unit multifamily community built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 U (3-legal 4plxs) portfolio sale with the following properties in the same tract: 12912 Merlot Dr.(4U) and 2212 Cullen Ct. (4U). Sellers prefers to sell all 3 4plxs to the same buying entity. The subject property is a 4 unit apartment building situated on one spacious 11,313 sf lot. The subject property boasts an excellent unit mix of 2 (3+2) townhomes and 2 (2+2) townhome units, with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $189 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.
Location
State CA
County Kern
Area Bakersfield (93314)
Zoning Assessor
Interior
Cooling Central Forced Air
Appliance Forced Air Unit
Exterior
Exterior Feature Stucco
Building
Lot Description Curbs, Sidewalks
Story 2
Sewer Sewer Connected
Level or Stories 1 Story
Others
Monthly Total Fees $266
Acceptable Financing Conventional, Exchange
Space Rent $1,795
Listing Terms Conventional, Exchange
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with JUSTIN CHU • KELLER WILLIAMS REALTY