When in Bakersfield, look for cash flow. Edison Highway may be a hidden secret for apartment investors. Very low density. Very few apartment buildings. very quiet except for the occasional whisper and rumble of a train. Zoning is C-2, mix is mostly business, homes, and some apartments. Don't pass up with great opportunity for investors. Property has been priced well below market value, due to Owner's partner wanting to liquidate on a quick basis. All units are currently occupied generating $2430/month!! 12% Cap Rate is the reason why you want to invest in Bakersfield.
Sold
$315,700
3833 Edison Hwy, Bakersfield, CA 93307
--beds
--baths
--sqft
Multi Family
Built in 1944
-- sqft lot
$315,700 Zestimate®
$--/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: June 04, 2015 at 10:12am
Listed by:
Philip M Jordan DRE #00966411 805-453-8353 phil@jordanapartmentguys.com,
Coldwell Banker Preferred - Westwind Office
Bought with:
Non-Member
Non-Member Office
Source: Bakersfield AOR,MLS#: 21411405
Facts & features
Interior
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 10
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 5,440 sqft
Details
- Parcel number: 14424008
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1944
Community & neighborhood
Location
- Region: Bakersfield
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$315,700
2% more+$6,314
With Zillow Showcase(estimated)$322,014