$235,000
For Sale

1000 Padre Street

Bakersfield, CA 93307
1.93 acres | #SR23186426
Listing OfficeThe Mora Partners Inc.
Browse 7 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

Presenting a meticulously planned and County-approved site for a 24-unit apartment complex, this vacant lot is ready to bring your development dreams to life. Designed for maximum convenience and luxury, this project includes 12 spacious 2-story duplexes, each with a 2-car garage. Just take a look at those renderings. The County of Kern Planning Department has given its seal of approval for this project, streamlining the development process. With 24 units, you can expect a substantial rental income stream from this apartment complex. Utilities, including water, sewer, gas, and electricity, are readily available on the street, simplifying the development process. If you are a seasoned developer or a savvy investor, this property is a golden ticket to expand your real estate portfolio. Builders, don't miss out on this opportunity to bring your construction expertise to life. The groundwork is laid out. For serious inquiries, we can provide detailed financial projections.

  • Property Details
      • Lot DescriptionSixteenToTwentyUnitsAcre, SixToTenUnitsAcre
      • MLS #SR23186426
      • MLS #SR23186426
      • Property TypePurchase
      • Original List Price$500,000
      • Utility SourcePublic
      • Cost235000
      • Acres1.93
      • CountyKern
      • Property SubtypeLand

Location

Lucy & ArmenReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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