= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Multifamily Property For Sale

Stine Road Apts

222 Stine Road, Bakersfield, CA 93309

Price:
$1,200,000
No. Units:
15
Building Size:
13,000 SF
Price/Unit:
$80,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.63%
Gross Rent Multiplier:
10.64
Occupancy:
100%
No. Stories:
1
Year Built:
1955
Lot Size:
44,517 SF
Tax ID / APN #:
149-340-14

Last Verified 6/22/2009 Listing ID 15658294

Highlights

14 residential units plus a commercial building
Well maintained
Located West of Freeway 99

Air conditioned
Composition roofs
Fully landscaped and paved

Description

Nice clean older units in good rental area of SW Bakersfield. Property has 1 three bedrm SFR; 13 two bedrm apts; 1 commercial building being used for Beauty Salon. Well maintained, little or no deferred maintenance apparent from exterior, stable tenants, professionally managed. Close to shopping, schools, recreation, transportation, etc. Sq ft is incorrect, estimate only. Rents were raised 4/1/08 and could be higher.

West of 99 Freeway between Stockdale Highway and Belle Terrace in a residential neighborhood with some commercial buildings as is customary.

Financial Summary

Unit Mix Information

Actual
Year
2007
Scheduled Gross Income
$103,530
Net Operating Income
$67,560

Description	No. Units	Avg. Mo. Rent
3 bd/1ba SFR	1	$1,050
2 bd/1 ba	13	$625
Commercial building	1	$300

Map of 222 Stine Road, Bakersfield, CA 93309 (Kern County)

Hide Map

Presented by

Portfolio Properties

Request additional information

Contact Listing Broker

Mary Sawyer, CCIM (661) 282-9041

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional options: Add a Note; Print Listing; View Map; Demographics; Research Price

Created 4/10/2008

Additional Information for 222 Stine Road, Bakersfield, CA 93309

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

#1 in Commercial Real Estate Online