12912 Merlot Drive
Bakersfield, CA 93314
0.25 acres | #PW24007139
Description
Price Improvement! The Liberty Park apartments are a Pride of Ownership 4 Unit multifamily community built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 U (3-legal 4plxs) portfolio sale with the following properties in the same tract: 12906 Merlot Dr. (adjacent 4U) and 2212 Cullen Ct. (4U). Sellers prefers to sell all 3 4plxs to the same buying entity. The subject property is a 4 unit apartment building situated on one spacious 11,000 sf lot. The subject property boasts an excellent unit mix of 2 (3+2) townhomes and 2 (2+2) townhome units, with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $189 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.
Property Details
- Lot DescriptionItem25UnitsAcre
- Stories1
Measurements
- Acres0.25
Parking
- Parking Spaces8
Construction Details
- Property TypeInvestment
Condition
- Year Built2004
Utilities / Energy Details
- Sewer InformationPublicSewer, SewerTapPaid
- Utility SourcePublic
Community and Neighborhood Details
- CountyKern
Financial Details
- Original List Price$999,000
- Buying Agency Compensation2.000
Other
- MLS #PW24007139
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Brad New (#PNEWBRAD)
Listing Office: Vanguard Property Group (#PB18879)
Listing Courtesy (Buyer)
Buyer's Agent: JUSTIN CHU (#WS81922)
