1131 Lincoln Street

    Bakersfield, CA 93305
    • $1,325,000
    • STATUS: Active
    • ON SITE: 166 days
    • ID#: SB18134624
    $1,325,000
    • 0
      BEDS
    • 0.6
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,600
      SQFT
    • $97
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    BACK ON MARKET! We are pleased to present 1131 Lincoln Ave in Bakersfield, California. As of August 1st, a majority of rents were raised to $685! Also, one unit was recently updated and immediately rented out for $750. This pride of ownership 16 unit apartment boast a great unit mix of 2 bedroom/1.5 bath townhouse style units. Since taking over ownership, numerous upgrades such as gated parking and renovations to a majority of units were made to induce stable cash flow. This building is perfect for an investor looking for an easy to manage building and great cash flow. Call us today for more information!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T00:29:23.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/84336619

    1131 Lincoln Street Bakersfield, CA 93305

    • Price: $1,325,000
    • Status: Active
    • ID#: SB18134624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.6
    Acres
    13,600
    SQFT
    $97
    $/SQFT
    1977
    Built
    Neighborhood:
    BKSF - Bakersfield
    County:
    Kern
    Area:
    BKSF - Bakersfield
    Property Description
    BACK ON MARKET! We are pleased to present 1131 Lincoln Ave in Bakersfield, California. As of August 1st, a majority of rents were raised to $685! Also, one unit was recently updated and immediately rented out for $750. This pride of ownership 16 unit apartment boast a great unit mix of 2 bedroom/1.5 bath townhouse style units. Since taking over ownership, numerous upgrades such as gated parking and renovations to a majority of units were made to induce stable cash flow. This building is perfect for an investor looking for an easy to manage building and great cash flow. Call us today for more information!
    Exterior Features

    Garage Spaces 0.00 Lot Features Corner LotLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.22 Community Features CurbsSidewalks Country Us Electric Expense 828.00 Elevation Units Feet Fuel Expense 500.00 Gross Income 129060.00 Gross Multiplier 10.27 Gross Scheduled Income 129060.00 Insurance Expense 3000.00 Land Lease YN No Laundry YN No Maintenance Expense 7000.00 Net Operating Income 69204.58 New Construction YN No New Taxes Expense 27548.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 4 Operating Expense 53402.00 Professional Management Expense 8853.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 53402.00 Trash Expense 500.00 Water Sewer Expense 5173.00 Water Source Public Year Built Source Assessor Zoning R-3

    Listing provided courtesy of Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T00:29:23.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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