colliers.com/bakersfieldFOR SALE

Colliers International10000 Stockdale Hwy, #102Bakersfield, CA 93311661.631.3800

JASON ALEXANDER661 631 3818jason.alexander@colliers.comLic. No. 01360995

2616 N. HALF MOON DRIVEBAKERSFIELD | CA 93309

Investment OpportunityLOCATED IN SOUTHWEST BAKERSFIELD WITHIN THE CITY’S MAIN APARTMENT CORRIDOR

SITE

SF ParkingFloorsAcreage

colliers.com/BakersfieldFOR SALE 2616 N. Half Moon Drive // Bakersfield // CA

PROPERTY DESCRIPTION

2616 N Half Moon Dr is a 3,432 square foot, quadraplex consisting of two buildings (apartment units and detached garage). Located in the desirable southwest Bakersfield apartment cor-ridor, this quadraplex benefits from recent upgrades including new AC units (2bdr/1ba units only), flooring, roof and interior work.

The property has been well maintained. All units also have washer and dryer hookups and are allowed covered parking in the rear of the main building. Our market survey suggests rents are within the median range for this area.

Address 2616 N. Half Moon Drive, Bakersfield, CA 93309

Building Size 3,432 Square Feet

Lot Size 11,325 Square Feet

APN 355-361-14

Zoning R-2

Number of Floors One (1)

Number of Units Four (4)

Unit Type Quadraplex

Year Built 1978

Parking Detached Garage/Covered Stalls

INVESTMENT SUMMARYPROPERTY SUMMARY

Price $549,000.00

Price Per Unit $137,250.00

Price Per SF $160.00

Occupancy 100%

Actual Cap Rate 5.82%

Current GRM 12.62

colliers.com/BakersfieldFOR SALE 2616 N. Half Moon Drive // Bakersfield // CA

colliers.com/BakersfieldFOR SALE 2616 N. Half Moon Drive // Bakersfield // CA

FINANCIAL OVERVIEW

Current Per Month Per UnitINCOMEGross Potential Rent $43,500 $3,625 $10,875Gross Potential Income $43,500 $3,625 $10,875Vacancy 0% 0% 0%Effective Gross Income $43,500 $3,625 $10,875ExpensesReal Estate Taxes $6,000 $500 $1,500Insurance $1,500 $125 $375Maintenance & Repairs $2,400 $200 $600Management $1,665 $138.75 $416.25TOTAL EXPENSES $11,565 $963.75 $2,891.25Expenses SF $3.37Net Operating Income $31,935Cap Rate 5.82%

RENT ROLLUnit Number Unit Type Lease

ExpirationMonthly

Lease AmountAnnual

Lease AmountA 3bd/2ba MTM $1,075 $12,900B 2bd/1ba MTM $850 $10,200C 2bd/1ba MTM $850 $10,200D 2bd/1ba MTM $850 $10,200

TOTALS $3,625 $43,500

Note: All figures and numbers are as given by Landlord. Colliers International makes no representation or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and accepts all risk for any inaccuracies.

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Colliers International10000 Stockdale Hwy | Suite 102

Bakersfield, CA 93311P: 661 631 3800

JASON ALEXANDER661 631 3818jason.alexander@colliers.comLic. No. 01360995

O.J. ACTIS O.J. ACTIS JR. HIGHJR. HIGH

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