17
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$1,225,000
Est. payment /mo
4,272 SqFt
Active Under Contract
1800 Forrest Street Bakersfield, CA 93304
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $286
MLS Listing ID 202603702
Year Built 1919
Property Sub-Type 5 - 10 Units
Property Description
Turnkey 8-Unit Spanish-Style Multifamily | Fully Renovated | $1.2M | Strong In-Place IncomeThis is one of the cleaner small multifamily deals we've seen recently.Fully renovated 8-unit Spanish-style property priced at $1.2M, generating $9,000/month ($108K annually) with rents already at or very close to market. This property combines character, functionality, and a clean operational profile, while also having a desirable central location.The seller just completed a full rehab, so an investor is stepping into a true turnkey situation without taking on construction risk, lease-up risk, or rent speculation. That alone is where most of the value is here.Ideal for investors seeking a low maintenance asset! Call for more details today!Unit mix is ideal for the current marketprimarily 1-bedrooms at $1,100 with washer/dryer hookups, plus two 2-bedrooms at $1,200. It's a bread-and-butter renter profile that stays consistently occupied.All units feature washer/dryer hookups.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Other
Parking On Site 8
Building
Story 1
Schools
Elementary Schools Penn, William
Middle Schools Emerson
High Schools Bakersfield
Listed by Troy T Lei • Miramar Realty
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