9820 Greenacres Dr 3 Unit Apartment Building $619,000 ($206,333/Unit) 6.69% Cap Rate Bakersfield, CA 93312

This income-producing property offers a rare opportunity to acquire three residential units on a large lot of over half an acre with a pool. Located in the desirable northwest Bakersfield neighborhood near Rosedale and Calloway, the property provides a balance of stability and flexibility for investors. Each unit is individually metered and well-configured for long-term occupancy.
The front home includes two bedrooms and one full bath with laundry facilities, while the other two units feature one bedroom and one bath each. Outdoor amenities include a pool and ample uncovered parking on a spacious lot, providing both tenant appeal and operational efficiency. Current gross scheduled income is strong, paired with a low 5% vacancy assumption and annual net income exceeding $41,000.
With existing income and future potential through upgrades or market rent adjustments, this asset stands as an attractive option for portfolio growth. Seller intends to complete a 1031 exchange, making this a strategic acquisition opportunity for exchange buyers and seasoned investors alike.