331 Haybert CT, Bakersfield, CA 93304
$975,000
$995,000
2.0%
Est.Price: ?

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0.31 Acres Lot

331 Haybert CT Bakersfield, CA 93304

Est. payment /mo
SOLD DATE : 11/27/2024

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Key Details

Sold Price $975,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24213601

Sold Date 11/27/24

HOA Y/N No

Year Built 1946

Lot Size 0.310 Acres

Property Sub-Type Apartment

Property Description

We are pleased to exclusively offer for sale 331 Haybert Court, a rare find in the heart of the Bakersfield rental market. This meticulously maintained multi-family property features a charming 2-Bedroom/1-Bathroom single story cottage alongside five spacious 2-Bedroom/1.5-Bathroom Townhouse style units. The 2 bedroom cottage was built in 1946 and the (5) townhome units were built in 1978. Showcasing exceptional pride of ownership, the property is highlighted by modernized renovations throughout such as new flooring, kitchens, bathrooms and more, making it a turnkey investment. With a current Gross Rent Multiplier (GRM) of 9.56 and an impressive Cap Rate of 7.76%, this asset offers one of the highest returns available in the market. Each unit is equipped with individual washer/dryer hookups and utilizes a Ratio Utility Billing System (RUBS) for streamlined utility management, minimizing expenses for the owner. Tenants also appreciate private backyards, providing added privacy. Additionally, the extra space on the lot presents an opportunity for an Accessory Dwelling Unit (ADU)—buyer to verify with the proper city authorities. Don't miss the chance to acquire a well-performing asset with significant growth potential.

Location

State CA

County Kern

Area Bksf - Bakersfield

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Carport Spaces 5

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 11

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 01111218009

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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Listed by Kristopher German RE/MAX 2000 REALTY 909-645-0443, DRE #01800021
Bought with Kristopher German RE/MAX 2000 REALTY
Jessica Lam

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