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
- Stories2
Measurements
- Acres0.3886
- Square Feet7144
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1984
Community and Neighborhood Details
- CountyKern
Financial Details
- Original List Price$1,570,900
Other
- MLS #24414483
Location
Legal
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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.
