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$615,000 / 3br - 1600ft2 - Off-Market 3 Units (Bakersfield)

Price: $615,000

Brundage Lane, Bakersfield CA 93309

Lot: 8,000 SqFt

Unit Sq/Ft Bed Bed
1 528 1 1
2 506 1 1
3 665.75 1 1
3 Car Garage ADU (Potential) Up to 665.75 1 1

Notes: Lots of options. Investor or developer or business owner. Stay in the rear unit or short-term rental with 3-car garage. Potentially convert the 3-car garage into ADU. Alternatively, develop the front units or expand them into commercial use (retail, etc.). Currently zoned C-1, current use residential (mixed used).

Permits available. All vacant. All units have plans and windows (in storage). Everything is gutted down to frame and the roof was replaced. Finish based on your exit.

• Option 1: Commercial office leases
• Option 2: Long-term, mid-term, short-term rentals.
• Option 3: Develop commercial business and rental in the rear. Or owner occupied building.

Projected Cap Rate #1: 5.5
Projected Cap Rate #2: 7.4
Projected Cap Rate #3: 7.4+*

post id: 7746733353

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