$ 699,999
701 Woodrow Avenue Bakersfield, CA 93308
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 699,999
Est. payment /mo
Price Dropped by $50K
701 Woodrow Avenue Bakersfield, CA 93308
2,984 SqFt
UPDATED:
11/06/2024 08:53 PM
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
Listed by Esteban Contreras • Central Valley Property Adviso