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About This Home
This 0-bedroom, 0-bathroom residential multi family at 530 Union Avenue in Bakersfield, CA is listed for $999,000 ($254 per sqft). Built in 1946, the home offers 3,930 sqft of living space on a 0.49 acres lot.
Seize a unique value-add opportunity at 530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential units (6 occupied) and 6,842 SF of commercial space currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand.
With a projected $13,596/month and actual 2024 expenses, the property earns an 9.8% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave a vacant C-2 zoned 6,000 SF lot next door is INCLUDED in the sale (50' x 120'). Seller will finance the entire property with 50% down.
Key Features
- Built in 1946
- 0.49 acre lot
- 2 stories
Property Details
Monthly Cost Estimate
$5,343/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
530 Union Avenue
Bakersfield, CA 93307
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 530 Union Avenue is listed at $999,000 ($254/sqft). The estimated monthly payment is $4,329 based on 20% down at 6.5% interest.
Key features include: Built in 1946, 0.49 acre lot, 2 stories.
This property is listed by Phil M Jordan and can be reached at 8054538353 or phil@jordanapartmentguys.com.
