$ 995,000
331 Haybert Court Bakersfield, CA 93304
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$ 995,000
Est. payment | /mo
8 Beds
7 Baths
0.31 Acres Lot
$ 995,000
Est. payment | /mo
8 Beds
7 Baths
0.31 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CV24213601
Bedrooms 8
HOA Y/N No
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. Dont miss the chance to acquire a well-performing asset with significant growth potential.
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. Dont miss the chance to acquire a well-performing asset with significant growth potential.
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. Dont miss the chance to acquire a well-performing asset with significant growth potential.
Location
State CA
County Kern
Area Bakersfield (93304)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $155
Acceptable Financing Cash
Space Rent $1,595
Listing Terms Cash
Listed by Kristopher German • RE/MAX 2000 REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "