$1,990,000
3321 Chester Lane, Bakersfield 93309
18
Beds
18
Baths
40,075
Lot Size
16
# Of Units
Listing Agent
Brad New - Vanguard Property GroupMajor price adjustment - seller willing to meet the market. The Chester Lane Townhomes is a true opportunity for a savvy investor; priced well below replacement cost ($131 CPSF) and 6.42 Cap/8.8 GRM on actual rents with upside to 7.67 Cap/7.95 GRM on market rents. The subject property is a 16 unit multifamily property located approximately 1/4 of a mile from the 99 frwy and California Avenue Exit (west Bakersfield), in a quiet cul-de-sac street. Built in 1984, the Chester Lane Townhomes are situated on a self-contained, gated access, 40,000 sf lot and consists of 16 spacious (2+1.5) townhome style units with approx. 950 sf each; all units have central AC/HT, patios, in-unit washer & dryer hookups, separate gas/electric meters, and RUBS in place for lower overall landlord utility expense. There is ample parking available with a total of 33 onsite spaces of which 12 are covered. There are two potential onsite storage rooms (currently unrented) for additional landlord income. The Chester Lane Townhomes is priced to sell, well below replacement - a perfect apartment investment for investors looking for cash flow and equity growth.
Facts & Features
MLS® # | PW24006820 |
---|---|
Price | $1,990,000 |
Bedrooms | 18 |
Bathrooms | 18.00 |
Lot Size | 40,075 |
Year Built | 1984 |
Type | Residential Income |
Sub-Type | Townhouse |
Status | Pending |
# Of Units | 16 |
Community Information
Address | 3321 Chester Lane |
---|---|
Area | BKSF - Bakersfield |
City | Bakersfield |
County | Kern |
Zip Code | 93309 |
Amenities
Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Connected |
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Parking Spaces | 45 |
Parking | Gated, Asphalt, Covered, One Space, Paved |
Garages | Gated, Asphalt, Covered, One Space, Paved |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Heating | Central |
---|---|
Cooling | Central Air |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Lot Description | 16-20 Units/Acre, Lot Over 40000 Sqft |
---|---|
Roof | Tile |
Additional Information
Date Listed | January 17th, 2024 |
---|---|
Days on Market | 41 |
Zoning | R-2 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Brad New |
---|---|
Office | Vanguard Property Group |