12906 Merlot Drive Bakersfield CA 93314 | PW24006876

12906 Merlot Drive
Bakersfield, CA, 93314
$900,000
Beds
0 Baths
SqFt
0.26 Acres
$900,000
12906 Merlot Drive
Bakersfield, CA, 93314
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: 12912 Merlot Dr.(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 11,313 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

Price:
$900,000
MLS #:
PW24006876
Status:
Active
Baths:
0
Address:
12906 Merlot Drive
Type:
Residential Income
Subtype:
Quadruplex
City:
Bakersfield
Listed Date:
Jan 18, 2024
State:
CA
ZIP:
93314
Subdivision:
Lot Size:
11,326 sqft / 0.26 acres (approx)
Year Built:
2004

Schools

Interior

Cooling
Central Air
Fireplace Features
Family Room, Gas
Heating
Central, Forced Air

Exterior

Community Features
Curbs, Sidewalks
Garage Spaces
8.00
Lot Features
2-5 Units/ Acre, Lot 10000-19999 Sqft
Parking Features
Driveway, Concrete, Paved, Garage Faces Side, Garage – Two Door, Garage Door Opener
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer, Sewer Paid
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Buyer Agent Compensation
2.000
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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