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12912 Merlot DR Bakersfield, CA 93314
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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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Bought with JUSTIN CHU • KELLER WILLIAMS REALTY