2410 S M STREET
Bakersfield, CA 93304
7144 sqft | 0.39 acres | #24414483
Description
CBRE, Inc. is pleased to exclusively present 2410 S. M Street, a twenty-unit multifamily investment property in Bakersfield, California. On the market for the first time in 20 years, The M Street Apartments are located three minutes from the Bakersfield Municipal Airport and 1 hour and 20 minutes from The City of Los Angeles. Constructed in 1984, the 20-unit 7,144 square foot building sits on a 16,988 square foot lot. 50% of the gross revenue is government subsidized via HUD and CalVet, providing the new owner security of cash flow. The property has a unit mix of 20 studio/1 bath units with an uncovered parking lot and serviced by three central water heaters. The roofs on both buildings have also been replaced within the last 24 months. The M Street apartments are a true value-add investment opportunity for an astute investor looking for a hedge against inflation. Please contact listing agents for more information.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- Original List Price$1,570,900
- MLS #24414483
- MLS #24414483
- Cost1399899
- Acres0.3886
- Square Feet7144
- Year Built1984
- CountyKern
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Manny Nunez (#CLW-C124691)
Listing Office: CB Richard Ellis, Inc. (#CLW-X74295)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
