Profitable and upgraded 15 unit motel near downtown Bakersfield with a cap rate of 10.4%! Very easy to manage. Daily & weekly guests with local social programs contributing to filling the rooms. Spacious live-in 2 bd manager unit on the second floor. Nice grass courtyard for the guests to enjoy bbq’s or have somewhere to socialize. Coin op laundry and income from snack sales add to the benefits of owning this historic motel in the growing community of Bakersfield. Microwave and mini fridge in every room, 3 large suites, cctv system, wifi and cable, separate private new washer and dryer for the motel operation.
Property Details
Price:
$2,000,000
MLS #:
AR22074479
Status:
Active
Address:
821 Golden State Avenue
Type:
Residential Income
City:
Bakersfield
Listed Date:
Apr 13, 2022
State:
CA
ZIP:
93301
Lot Size:
10,022 sqft / 0.23 acres (approx)
Year Built:
1938
Schools
Interior
Exterior
Sewer
Public Sewer
Community Features
Sidewalks
Garage Spaces
15.00
Lot Features
36-40 Units/ Acre
Pool Features
None
Stories Total
1
Water Source
Public
Financial
Map
Contact Us
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Courtesy of MRM & Associates, REALTORS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2022. California Regional Multiple Listing Service. All rights reserved. 821 Golden State Avenue
Bakersfield, CA