Brundage Arms

929 E Brundage Ave,
Bakersfield, CA 93307

 

$1,585,000
Price
8.81
GRM
$88,056
Price Per Unit
18
Number of Units
6.65%
Cap Rate
9,512
Building SF
$1,585,000
Price
8.81
GRM
$88,056
Price Per Unit
18
Number of Units
6.65%
Cap Rate
9,512
Building SF

Property Description

  • We are proud to have been chosen to exclusively present for sale this 18 unit multi-family property located @ 929 E Brundage Ave in Bakersfield CA 93307. The offering has significant value-add potential with all 1 bedroom, 1 bath units, & recently underwent significant upgrades, including a brand-new roof installation and replacement of the main sewer line. With these vital improvements enhancing the property's value and durability, along with the addition of a new unit constructed in 2023, investors can expect increased tenant satisfaction and decreased maintenance costs. Strategically located with easy access to downtown Bakersfield and major highways, along with proximity to a plethora of community amenities, this property presents an enticing opportunity for those seeking promising returns in Bakersfield's thriving rental market. Seize the chance to secure your financial future with this lucrative investment!

  • (Downtown Bakersfield): The property is located near downtown Bakersfield, which is the central business district of the city. Nearby attractions include the Fox Theater, Mechanics Bank Arena, and numerous dining and entertainment options.
  • (Transportation Hub): Bakersfield is a transportation hub, with the property being close to major highways including the 58 and 99, facilitating easy access for commuters and customers.
  • (Economic Development): The area has seen ongoing economic development projects, such as the Bakersfield Commons and the High-Speed Rail project, which could positively impact the property's value and potential for growth.
  • (Residential Mix): The neighborhood surrounding the property features a mix of residential and commercial properties, providing potential customer base from nearby residents.
  • (Historic District): Bakersfield's downtown area is part of the city's historic district, which may offer unique opportunities for renovation or historical significance for the property.
FOR MORE DETAILS CONTACT
Esteban Contreras
Founder | Investment Sales Specialist
(661) 206-2447
esteban@vanguardrealtyinvestments.com
01975384