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    1700 Lincoln Street

    Bakersfield, CA 93305
    • $950,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: DW21053790
    UPDATED: 45 min ago
    $950,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,428
      SQFT
    • $148
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    The Lincoln apartments consists of (6) Two-Bedroom/One Bath and (4) One-Bedroom/ One Bath for a total of (10) rentable units. The 10 unit apartment sits on one parcel and was constructed in 1962. The property is turn key and has a brand new roof, stucco, and the interior of the units have been remodeled. There are (10) parking spots within the gate which adds additional security. The city of Bakersfield has had an influx of blue collar workers that vacancy rates are at a low percentage. This has to do with Bakersfield conveniently being located between San Francisco and Los Angeles where the cost of living has skyrocketed. In addition, large manufacturing and distribution companies such as Amazon have opened new locations in Bakersfield providing full time opportunities to all of its residents. The demand for apartment living is high and no new constructions to compete with the present real estate in Bakersfield. Dont miss this opportunity to own the Lincoln Apartments!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/115104172
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    1700 Lincoln Street Bakersfield, CA 93305

    • Price: $950,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: DW21053790
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,428
    SQFT
    $148
    $/SQFT
    1962
    Built
    Neighborhood:
    BKSF - Bakersfield
    County:
    Kern
    Area:
    BKSF - Bakersfield
    Property Description
    The Lincoln apartments consists of (6) Two-Bedroom/One Bath and (4) One-Bedroom/ One Bath for a total of (10) rentable units. The 10 unit apartment sits on one parcel and was constructed in 1962. The property is turn key and has a brand new roof, stucco, and the interior of the units have been remodeled. There are (10) parking spots within the gate which adds additional security. The city of Bakersfield has had an influx of blue collar workers that vacancy rates are at a low percentage. This has to do with Bakersfield conveniently being located between San Francisco and Los Angeles where the cost of living has skyrocketed. In addition, large manufacturing and distribution companies such as Amazon have opened new locations in Bakersfield providing full time opportunities to all of its residents. The demand for apartment living is high and no new constructions to compete with the present real estate in Bakersfield. Dont miss this opportunity to own the Lincoln Apartments!
    Exterior Features

    Number Of Separate Electric Meters 10 Open Parking Spaces 10 Parking Features Gated Parking Total 10 Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features BikingCurbsPark Electric Expense 240 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 83016 Insurance Expense 2500 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 48153 New Construction YN No New Taxes Expense 11477 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 34701 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 6530 Trash Expense 2677 Vacancy Allowance 2562 Water Sewer Expense 5927 Water Source Public Zoning R-3

    Listing provided courtesy of Charly Ubaldo of Keller Williams - Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-14T18:37:53.58. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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