The Duplexes at Powder Ridge (42 Duplexes)
8300 Grandy St,
Bakersfield, CA 93314
 
$27,000,000
Price
11.84
GRM
$321,429
Price Per Unit
84
Number of Units
6.15%
Cap Rate
2023
Year Built
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$27,000,000
Price
11.84
GRM
$321,429
Price Per Unit
84
Number of Units
6.15%
Cap Rate
2023
Year Built
Property Description
Central Valley Property Advisors is delighted to present for sale this unique opportunity to acquire forty-two (42) two-home-on-one-lot style Duplexes. The offering features eight (8) four (4) bedroom, three-and-a-half (3.5) bathroom units, thirty-four (34) three (3) bedroom, two (2) bathroom units and forty-two (42) two (2) bedroom, two (2) bathroom units. These duplexes are thoughtfully designed to accommodate a diverse tenant base, offering an attractive unit mix that appeals to families, professionals, and individuals alike.
Built by the reputable Jeremy Willer, this exceptional offering guarantees both high returns and exceptional living for future tenants, and is located in a great part of Bakersfield that ensures high demand and consistent occupancy rates. Jeremy Willer's reputation for superior craftsmanship ensures that these duplexes are built to the highest standards of quality and durability, minimizing maintenance concerns and maximizing long-term value.
Embrace the future of sustainable living with paid solar panels for each duplex, reducing utility costs for both you and your tenants. Additionally, the implementation of Ratio Utility Billing System (RUBS) for all utilities, including common area PGE, ensures maximum earnings and streamlined operations.
Don't miss the opportunity to add this exceptional property to your portfolio, as it seeks to be the highest earning asset you've ever owned. Let CVPA guide you through this unique investment journey and unlock the potential for substantial cash flow and long-term prosperity in the vibrant heart of Bakersfield.
The property is situated in the desirable neighborhood of Westchester in Bakersfield, CA, known for its quiet and family-friendly atmosphere.
It is centrally located near several amenities, including shopping centers like The Marketplace and Westfield Valley Plaza, where residents can find a wide range of retail stores, restaurants, and entertainment options.
The property is also in proximity to educational institutions such as Stockdale High School, Ronald Reagan Elementary School, and California State University Bakersfield, making it an attractive option for families with school-aged children.
Westchester is well-connected to major transportation routes, with easy access to Highway 99 and 58, making commuting to other parts of Bakersfield and surrounding areas convenient.
The neighborhood boasts several parks and recreational areas, such as Jastro Park and Kern River Parkway, providing residents with ample opportunities for outdoor activities, picnics, and leisurely walks along the river.
FOR MORE DETAILS CONTACT
Esteban Contreras
Founder | Investment Sales Specialist
(661) 206-2447
esteban@vanguardrealtyinvestments.com
01975384
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