701 Woodrow Avenue Active Save Request In-Person Tour Request Virtual Tour
Bakersfield,CA 93308
Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,984 sqft
Price per Sqft $234
MLS Listing ID 202410476
Year Built 1938
Property Description
We proudly present this five-unit multifamily property with significant upside potential. The property includes a diverse unit mix: one 3-bed/1-bath, one 2-bed/2-bath, two 1-bed/1-bath units, and a studiomaximizing tenant appeal. Four units have been extensively remodeled, featuring upgrades like vinyl flooring, new windows, AC units, countertops, and modern appliances. The front house, freshly painted, offers a value-add opportunity with minor TLC. Current rents are $400-$500 below market, allowing for rental growth. Key improvements include a new main sewer line from the front house to the alley and updates to plumbing and electrical systems, enhancing long-term performance and reducing maintenance costs. This property is ideal for investors looking for immediate cash flow and substantial rental upside in a growing market. ACTUAL SQFT IS AROUND 3500SQFT PER OWNER (Garage conversion)
Location
State CA
County Kern
Area 21
Exterior
Garage Uncovered
Building
Story 2
Schools
Middle Schools Beardsley
High Schools North
School District Beardsley