The Duplexes at Powder Ridge (84 Duplexes)

8300 Grandy St,
Bakersfield, CA 93314

 

$54,000,000
Price
11.84
GRM
$321,429
Price Per Unit
168
Number of Units
6.15%
Cap Rate
184,480
Building SF
$54,000,000
Price
11.84
GRM
$321,429
Price Per Unit
168
Number of Units
6.15%
Cap Rate
184,480
Building SF

Property Description

  • Central Valley Property Advisors is delighted to present for sale this unique opportunity to acquire eighty-four (84) two-home-on-one-lot style Duplexes. The offering features sixteen (16) four (4) bedroom, three-and-a-half (3.5) bathroom units, sixty-eight (68) three (3) bedroom, two (2) bathroom units and eighty-four (84) 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 water, ensures maximum earnings and streamlined operations.

Location Summary

  • The property is located in the desirable neighborhood of Grand Terrace in Bakersfield, CA, known for its peaceful and family-friendly atmosphere.
  • It is situated near several parks and recreational areas, including Yokuts Park, just a short distance away, offering residents ample opportunities for outdoor activities and relaxation.
  • The property is conveniently located near major transportation routes such as the CA-178 and the CA-99, providing easy access to other parts of Bakersfield and neighboring cities.
  • There are several shopping centers and grocery stores in close proximity to the property, including the River Run Plaza and the Grand Terrace Shopping Center, ensuring residents have convenient access to everyday necessities.
  • The area is served by highly rated schools such as William B. Bimat Elementary School and Highland High School, making it an attractive location for families with school-age children.
FOR MORE DETAILS CONTACT
Esteban Contreras
Founder | Investment Sales Specialist
(661) 206-2447
esteban@vanguardrealtyinvestments.com
01975384
Eric Van Denk
Real Estate investment Specialist
(419) 206-7117
info@CentralValleyPropertyAdvisors.com
02071696
Jonathan Wadkins
Property Manager
(559) 392-5290
jon@centralvalleypropertyadvisors.com
02137450