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$ 674,999
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Active
701 Woodrow Avenue Bakersfield, CA 93308
2,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,984 sqft
Price per Sqft $226
MLS Listing ID 202502063
Year Built 1938
Property Sub-Type 5 - 10 Units
Property Description
We are honored to exclusively bring to market this turnkey 5-unit multifamily investment with massive upside. Offering +/- 3,500 SF of rentable space, this property delivers strong cash flow, minimal maintenance, and a clear path to higher returnsa perfect fit for 1031 exchange buyers and long-term investors looking for a plug-and-play asset with built-in value-add potential. The heavy lifting is donewith $200K+ in renovations, four of five units are fully remodeled, plus a new sewer line, updated plumbing, and electrical upgrades keep maintenance costs low. It's 100% occupied, generating immediate cash flow, while below-market rents create room for serious income growth. The unrenovated 3-bedroom house offers a major opportunity to push rents even higher, with the potential to add an extra $400-$500/month in income once upgraded. This is a prime value-add opportunity, with 30%+ rental upside already built inready for the right investor to unlock its full potential!
Location
State CA
County Kern
Area 21
Exterior
Parking Features Other
Building
Story 2
Schools
Middle Schools Beardsley
High Schools North
School District Beardsley
Listed by Esteban Contreras • Watson Realty