1724 TER WAY

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1724 TER WAY

BAKERSFIELD, CA 93304
Asking Price
$475K
Asset Type
Multifamily
Class
Class B

What's Special

1724 Ter Way is located in a central Bakersfield neighborhood characterized by a mix of residential housing and light commercial activity. The property offers proximity to the Highway 178 and Golden State Highway interchange, providing efficient regional connectivity. Nearby amenities include the Bakersfield Homeless Center, local parks, and several retail centers along the 24th Street corridor. Public transit access is available via multiple bus stops within walking distance, serving the greater Kern County area. The property is situated for multifamily occupancy, catering to residents seeking accessible housing near downtown employment hubs and healthcare facilities. Typical tenant profiles include local service-industry workers, small households, and individuals requiring proximity to urban transit routes. The asset's location supports long-term residential use within a high-density area, making it suitable for standard workforce housing or subsidized rental programs consistent with the surrounding market demand.

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NOI
$80,000
Cap Rate
16.84%
DSCR
2.84
Strong
Cash-on-Cash
36.35%
Monthly Payment
$2,350.041
Annual Cash Flow
$51,799.51

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