The Sablewood Duplexes

Reduced

Located on the corner of Rosedale Highway and Allen Road, The Sablewood Duplexes are ideally situated in northwest Bakersfield—the multifamily submarket that commands some of the highest rents and lowest vacancy rates in the entire city. Across the highway, Albertson’s grocery store commands a large presence in a bustling shopping center. Nearby, several of the city’s most recognized schools serve the growing neighborhood. This popular area also features the Northwest Promenade to the east of Sablewood, where Best Buy, Target and Walmart anchor a life style power center over two city blocks long. To the north, small pockets of single-family homes meet the northern boundary of Bakersfield city limits.

Situated on a manicured lot, all 40 two- and three-bedroom units are arranged as elegant duplexes on individual lots with attached 2-car garages. Curb appeal, including wide streets with clean walkways and beautiful landscaping contributes to the sensation that this is a community committed to pride of ownership—by the owner, management and tenants alike.  Built in 2015, the community is designed around resident convenience and comfort. Tenants appreciate access to public transportation, high speed internet access, street and garage parking, along with the convenience of living next to Bakersfield’s premier shopping district on Rosedale Highway, complete with shops, restaurants, schools and more. Within the luxury duplexes, private balconies, patios, tile floors, walk-in closets, laundry hookups and more ensure tenant satisfaction and occupancy levels at 95%.

 

PROPERTY FINANCIALS

Gross Scheduled Income      $ 674,400.00
Less Vacancy                           $ 20,232.00
Gross Operating Income      $ 664,848.00
Total Expenses                       $ 237,827.41
Net Operating Income         $ 427,020.59

CAP Rate@ sales price              5.50%
Gross Rent Multiplier (GRM) 11.51

The information contained herein may have been obtained from sources other than ASU Commercial. We have not verified such information and make no guarantees, warrantees or representations about such information. It is your responsibility to independently confirm its accuracy and completness prior to purchasing/leasing the property.

Price:$7,760,000
Address:13020 - 13101 MIRA SOL DRIVE
City:BAKERSFIELD
County:KERN
State:CALIFORNIA
Zip Code:93314
Year Built:2015
Floors:1
Square Feet:44680
Lot Square Feet:24,829
Garage:Attached 2-Car
Financial:NEW PRICE

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