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Alexander Duarte

alex@tdgsells.com +1(714) 376-9253

$ 995,000

Est. payment -/mo

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Pending

331 Haybert CT Bakersfield, CA 93304

5,439 SqFt

UPDATED:

10/31/2024 09:20 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 5,439 sqft

Price per Sqft $182

MLS Listing ID CV24213601

HOA Y/N No

Year Built 1946

Lot Size 0.310 Acres

Property Description

We are pleased to exclusively offer for sale 331 Haybert Court, a rare find in the heart of the Bakersfield rental market. This meticulously maintained multi-family property features a charming 2-Bedroom/1-Bathroom single story cottage alongside five spacious 2-Bedroom/1.5-Bathroom Townhouse style units. The 2 bedroom cottage was built in 1946 and the (5) townhome units were built in 1978. Showcasing exceptional pride of ownership, the property is highlighted by modernized renovations throughout such as new flooring, kitchens, bathrooms and more, making it a turnkey investment. With a current Gross Rent Multiplier (GRM) of 9.56 and an impressive Cap Rate of 7.76%, this asset offers one of the highest returns available in the market. Each unit is equipped with individual washer/dryer hookups and utilizes a Ratio Utility Billing System (RUBS) for streamlined utility management, minimizing expenses for the owner. Tenants also appreciate private backyards, providing added privacy. Additionally, the extra space on the lot presents an opportunity for an Accessory Dwelling Unit (ADU)—buyer to verify with the proper city authorities. Don’t miss the chance to acquire a well-performing asset with significant growth potential.

Location

State CA

County Kern

Area Bksf - Bakersfield

Rooms

Ensuite Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 11

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01111218009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Lease Land No

Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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Alexander Duarte

Alexander Duarte

331 Haybert CT Bakersfield, CA 93304

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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331 Haybert CT