$ 995,000
331 Haybert CT Bakersfield, CA 93304
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$ 995,000
Est. payment | /mo
0.31 Acres Lot
$ 995,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
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
Interior
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
Listed by Kristopher German • RE/MAX 2000 REALTY • 909-645-0443
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Connie Coughlin
REALTOR® | Lic# 01415359