Bakersfield Portfolio: Eye St/A St, Bakersfield, CA 93304

Bakersfield Portfolio: Eye St/A St, Bakersfield, CA 93304

Bakersfield, CA
$906,000

Property Description

Unique opportunity to own a great portfolio in Bakersfield. Portfolio consists of 7 single-family home all on Eye street and a lot less than a mile away that consists of a marketplace and 2 duplexes. The single-family homes are all 2-bedroom 1 bath except for one 3-bedroom 2 bath. This portfolio also has a development aspect to it as 5 of the single-family homes are conjoining and amount to 29,000 sqft of R3 land. Portfolio already has strong rental income as it is bringing in $104,520 annually and has an upside of $131,000 annually.

Property Features

  • Sale Price: $906,000
  • Area Size: 11,006 SF
  • Land Area: 51,446 SF
  • Closing Date: 10/16/19
  • Units: 12
  • Market GRM: 7.56
  • Market Cap Rate: 9.37%

Lyon Stahl Investment Real Estate

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