331 Haybert CT Active

Bakersfield,CA 93304

$ 995000

- Bed

- Bath

5439 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,439 sqft

Price per Sqft $182

MLS Listing ID CV24213601

Year Built 1946

Lot Size 0.310 Acres

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

Rooms

Ensuite Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Interior

Laundry Location Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Laundry Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

Exterior

Pool None

Community Features Curbs,Gutter(s),Sidewalks

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

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