S Fairfax Road & Redbank Road

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S Fairfax Road & Redbank Road

Bakersfield, CA 93307
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B

What's Special

Land | 96.41 acres <ul><li>​Property Overview: The property consists of four parcels totaling 96.41 acres. The site is fully entitled with a total of 412 single family lots.</li><li>​Location: The property is located in a growth area of Southeast Bakersfield adjacent to Mira Monte High School on South Fairfax Road.</li><li>​Zoning: R-1</li><li>​Topography: The site is relatively flat and ready for development.</li><li>​Property Condition: The property is currently bring farmed and is unimproved.</li><li>​ Asking P

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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