5001 Appleblossom Dr - Apartments FOR SALE


Bakersfield, CA 93309- Spice Tract
$5,700,000 USD
419-206-7117
5001 Appleblossom Dr, Bakersfield, CA for Sale
$5,700,000 USD
Apartments - FOR SALE
1/30
null | 5.9% Cap Rate

5001 Appleblossom Dr
Bakersfield, CA 93309
Spice Tract


HIGHLIGHTS

  • Close Proximity to Highway 99
  • Located in a Strong Rental Market
  • Highly Desirable Unit Mix
  • Beautiful Southwest Bakersfield Location

OVERVIEW

Central Valley Property Advisors are pleased to present this charming Southwest Bakersfield apartment complex!! This 34-unit apartment complex is perfectly situated in the highly desirable Southwest Bakersfield with current gross rents at over $560,000 a year. This property also comes with approved plans to add 2 additional ADU units with a completely redone exterior do not miss out. The pride of ownership at this location outshines all others you could not ask to buy a better turnkey property in the Southwest than this. Property also offers an assumable interest only loan with great rate and terms.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

34

PRICE/UNIT

$167,647

CAP RATE

5.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Woods

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

R-2

APN/PARCEL ID

355-410-16-00-3,355-410-17-00-6,355-410-18-00-9

ASK ABOUT THIS PROPERTY

Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

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Eric Van DenkCentral Valley Property AdvisorsMore Info
419-206-7117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.