Winchester Apts
$1,050,000
2012 19th Street, Bakersfield, CA 93301
For Sale
Multifamily
Active
Last Updated: 04/09/2025
4.56
Cap Rate
100
Occupancy
Details:
Cap Rate: 4.56%
Occupancy: 100%
Class: C
Units: 12
Year Built: 1981
Price Per Unit: $87,500
Description:
The Winchester Apartments presents investors with a unique opportunity to acquire a 12-unit apartment building situated within walking distance from the many offerings of downtown Bakersfield. The property is fully occupied allowing for immediate, steady cash flow.
All units are currently leased at below-market rents, offering a tremendous value-add opportunity through the implementation of streamlined management and building upgrades to encourage future rent increases to match market rates. With rental demand in Bakersfield rising, The Winchester Apartments would be an ideal investment for those seeking to expand their real estate portfolio.
Documents:
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07.21.2023_-_2012_19th_St._-_Offering_Memorandum.pdf
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Location
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