501 Pesante Road

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Address: 501 Pesante Road, Bakersfield, California, US
Created date: February 29, 2024
Date last updated: March 26, 2024

Property Description

Fully-Rehabbed CASH PRODUCER. $26,400 gross rents. 6.7 cap rate. $167/ft (below build cost!) Renovated 2-Homes-on-1 Lot with cash-paying long term tenants. Each unit is 2-bedrooms and 1-bath. Incredible investment opportunity to own a fully occupied cash-flow property in a highly desirable and low vacancy area. Low maintenance flooring throughout (Luxury Vinyl Plank in 501; Wood Tile in 509), updated counters, new cabinets, newer roofs, stucco exterior and new paint throughout - bottom line - low maintenance units. Each unit has its own fenced yard. Situated on a large corner lot. Close to schools, shopping and eateries. EASY TO RENT. 6.7% cap rate based on 20% expense ratio. Low maintenance units with quality tenants. The perfect add for your portfolio.

Key Property Information

Listing Status: Under Contract
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $319,000
No. of Units: 2
Year Built: 1980
Lot Size: 1,907.00 Sq ft
Opportunity Zone: No
Price per unit: $159,500
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 501 Pesante Road, Bakersfield, CA 93306, USA
Provided by:

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