Bakersfield, CA 93314,12912 Merlot DR
Bakersfield, CA 93314,12912 Merlot DR
Bakersfield, CA 93314,12912 Merlot DR
5
$890,000
$900,000
1.1%
Est.Price: ?

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0.25 Acres Lot

12912 Merlot DR Bakersfield, CA 93314

Est. payment /mo
SOLD DATE : 05/01/2024

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Key Details

Sold Price $890,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24007139

Sold Date 05/01/24

HOA Y/N No

Year Built 2004

Lot Size 10,890 Sqft

Property 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.

Location

State CA

County Kern

Area Bksf - Bakersfield

Zoning R-2

Interior

Heating Central

Cooling Central Air

Fireplaces Type Family Room, Gas

Fireplace Yes

Laundry Inside, In Garage

Exterior

Parking Features Concrete, Door-Multi, Driveway, Garage, Garage Door Opener, Paved, Garage Faces Side

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level Two

Sewer Public Sewer, Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 49533013002

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Brad New • Vanguard Property Group • 714-928-6833
Bought with JUSTIN CHU • KELLER WILLIAMS REALTY

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Karen Anderson

Broker Associate | License ID: 01224307

+1(310) 251-2883

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