Description
Don't miss this strong income-producing 4-unit multifamily opportunity located in a desirable Southwest Bakersfield neighborhood. Offered at $595,000, this well-maintained property was built in 1974 and features a highly desirable unit mix of four (4) 2-bedroom, 1-bath units, totaling approximately 3,136 square feet.The property is currently generating $4,935 per month ($59,220 annually) in gross rental income, offering immediate cash flow for investors. With solid in-place rents and continued demand for rental housing in the area, this asset provides both stability and long-term upside potential.Each unit offers functional layouts that attract and retain tenants, contributing to consistent occupancy. The property’s configuration and location make it ideal for both seasoned investors looking to expand their portfolio and newer investors seeking a reliable entry into multifamily ownership.With Bakersfield continuing to experience growth and affordability-driven demand, this income property is a high-performing asset with strong income fundamentals and the potential for future rent growth.3601 Micheli and 3600 Micheli are being sold simultaneously by the same owner. The owner prefers to sell both properties at the same time.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Don't miss this strong income-producing 4-unit multifamily opportunity located in a desirable Southwest Bakersfield neighborhood. Offered at $595,000, this well-maintained property was built in 1974 and features a highly desirable unit mix of four (4) 2-bedroom, 1-bath units, totaling approximately 3,136 square feet.The property is currently generating $4,935 per month ($59,220 annually) in gross rental income, offering immediate cash flow for investors. With solid in-place rents and continued demand for rental housing in the area, this asset provides both stability and long-term upside potential.Each unit offers functional layouts that attract and retain tenants, contributing to consistent occupancy. The property’s configuration and location make it ideal for both seasoned investors looking to expand their portfolio and newer investors seeking a reliable entry into multifamily ownership.With Bakersfield continuing to experience growth and affordability-driven demand, this income property is a high-performing asset with strong income fundamentals and the potential for future rent growth.3601 Micheli and 3600 Micheli are being sold simultaneously by the same owner. The owner prefers to sell both properties at the same time.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-17T13:30:06.947. 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 Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.