Bakersfield, CA 93314,2212 Cullen Court
Bakersfield, CA 93314,2212 Cullen Court
Bakersfield, CA 93314,2212 Cullen Court
$860,000
Est. payment /mo
$900,000
4.4%
Est.Price: ?

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10 Beds
9 Baths
0.29 Acres Lot
SOLD DATE : 05/01/2024

Key Details

Sold Price $860,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24007140

Sold Date 05/01/24

Bedrooms 10

HOA Y/N No

Lot Size 0.290 Acres

Property Description

Price Improvement for Pride of Ownership Multifamily! The Liberty Park apartments are a Pride of Ownership, single story 4 Unit multifamily property built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 Unit portfolio sale with the following properties in the same tract: 12906 Merlot Dr (4U), 12912 Merlot Dr. (4U). Sellers preference is for all 3 fourplexes to be sold together to one buying entity. The subject property is a single story, 4 unit apartment building situated on one spacious 12,575 sf lot. The subject property boasts an excellent unit mix of 2(3+2) and 2 (2+2), 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 $208 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 for Pride of Ownership Multifamily! The Liberty Park apartments are a Pride of Ownership, single story 4 Unit multifamily property built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 Unit portfolio sale with the following properties in the same tract: 12906 Merlot Dr (4U), 12912 Merlot Dr. (4U). Sellers preference is for all 3 fourplexes to be sold together to one buying entity. The subject property is a single story, 4 unit apartment building situated on one spacious 12,575 sf lot. The subject property boasts an excellent unit mix of 2(3+2) and 2 (2+2), 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 $208 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

Building

Lot Description Curbs, Sidewalks

Story 1

Sewer Sewer Connected

Others

Acceptable Financing Conventional, Exchange

Space Rent $1,895

Listing Terms Conventional, Exchange

Financing Conventional

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Brad New • Vanguard Property Group
Bought with JUSTIN CHU • KELLER WILLIAMS REALTY
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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