2006 Kentucky St
Bakersfield, CA 93305
Kentucky Villas · Multifamily Property For Sale · 52 Units

ELL OUT FROM ESCROW! Price reduction of 150,000 dollars! Kentucky Villa's is a newer well maintained apartment complex featuring a distinctive architectural style, centrally located close to Kern Medical Center, Schools, Bakersfield College, and the East Hills Mall, (Walmart, Home Depot, Big Lots). The complex is made up of several buildings built in 1985 with newer roofs, exterior paints, copper plumbing, and wood exteriors featuring stucco accents. The 40 two bedroom units are located in five buildings each containing 8 units. A sixth building costing over a million dollars was just re-built in 2017 containing 12 one bedroom units following a fire. All units feature spacious living and bedroom areas, central air, dishwashers, balcony/patios, play areas, ample carport and guest parking. Each unit is individually metered for gas and electric. There is also an on-site office, laundry room, and sparkling pool. Total square footage of the various buildings is over 41,000 + square ft situated on 3 parcels total over 2 acres of land. With today's low interest rates and the immediate opportunity to bring rents to market, Kentucky Villa's offers sophisticated investor an excellent opportunity to acquire a newer quality performing asset. Bakersfield is located 100 miles North of Los Angeles and is one of the fastest growing cities in California, currently the 9th largest. Bakersfield is the seat of Kern County, which generates 75% of the state's oil supply and ranks third among all counties in the United States in agriculture related production. Surrounded by Interstate 5, Freeway 99, and Highway 58, these major arterial make Bakersfield a prime location for industries (Chevron, Occidental Petroleum), aerospace (Edwards Air Force Base), manufacturing and distribution (Target, IKEA, Famous Footwear), food processing (Frito Lay, Bolthouse, Dreyer's, Grimmway Farms), and various corporate / regional headquarters. Please contact listing agent for additional information.