We are pleased to exclusively offer for sale 331 Haybert Court, a rare find in the heart of the Bakersfield rental market. This meticulously maintained multi-family property features a charming 2-Bedroom/1-Bathroom single story cottage alongside five spacious 2-Bedroom/1.5-Bathroom Townhouse style units. The 2 bedroom cottage was built in 1946 and the (5) townhome units were built in 1978. Showcasing exceptional pride of ownership, the property is highlighted by modernized renovations throughout such as new flooring, kitchens, bathrooms and more, making it a turnkey investment. With a current Gross Rent Multiplier (GRM) of 9.56 and an impressive Cap Rate of 7.76%, this asset offers one of the highest returns available in the market. Each unit is equipped with individual washer/dryer hookups and utilizes a Ratio Utility Billing System (RUBS) for streamlined utility management, minimizing expenses for the owner. Tenants also appreciate private backyards, providing added privacy. Additionally, the extra space on the lot presents an opportunity for an Accessory Dwelling Unit (ADU)—buyer to verify with the proper city authorities. Don’t miss the chance to acquire a well-performing asset with significant growth potential.
Property Details
Price:
$995,000
MLS #:
CV24213601
Status:
Pending
Baths:
0
Address:
331 Haybert Court
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
bksfbakersfield
City:
Bakersfield
Listed Date:
Oct 15, 2024
State:
CA
ZIP:
93304
Lot Size:
13,503 sqft / 0.31 acres (approx)
Year Built:
1946
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre, Lot 10000-19999 Sqft
Parking Spots
11.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
All Utilities
Map
Community
- Address331 Haybert Court Bakersfield CA
- AreaBKSF – Bakersfield
- CityBakersfield
- CountyKern
- Zip Code93304
Similar Listings Nearby
- 2801 Alta Vista Drive
Bakersfield, CA$1,160,000
3.67 miles away
- 705 Deseret Way
Bakersfield, CA$1,050,000
4.04 miles away
- 226 Wilson Avenue
Bakersfield, CA$979,999
4.64 miles away
- 3212 Chester Lane
Bakersfield, CA$970,000
1.48 miles away
- 808 Quailridge Road
Bakersfield, CA$800,000
3.91 miles away
Courtesy of RE/MAX 2000 REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
331 Haybert Court
Bakersfield, CA
LIGHTBOX-IMAGES