14
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$825,000
Est. payment /mo
5,059 SqFt
Active
940 Water Street Bakersfield, CA 93305
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Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,059 sqft
Price per Sqft $163
MLS Listing ID 202600369
Year Built 1958
Property Sub-Type 5 - 10 Units
Property Description
Located at 940 Water Street in Bakersfield, CA 93305, this well-maintained 8-unit multifamily property offers a compelling investment opportunity with a desirable unit mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. The property has undergone major recent capital improvements, including a brand new roof and a freshly redone exterior, significantly enhancing curb appeal and reducing near-term maintenance costs. With strong potential to increase value through rental income growth, this asset provides investors an opportunity to improve cash flow and overall returns while owning a stabilized property in Bakersfield.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Carport
Parking On Site 4
Building
Story 2
Schools
Elementary Schools Noble, Myra A.
Middle Schools Washington
High Schools East
Listed by Eric VanDenk • Central Valley Property Advisors
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