331 Haybert Court
Bakersfield, CA, 93304
$995,000
Beds
0 Baths
SqFt
0.31 Acres
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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
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6-10 Units/ Acre, Lot 10000-19999 Sqft
Parking Spots
11.00
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Stories Total
2
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Public

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331 Haybert Court
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