3416 Terrace Way, Bakersfield, CA 93309

Property Description

Presenting a rare investment opportunity in Southwest Bakersfield: 3408-3416 Terrace Way, a 10-unit multifamily property offered at $1,250,000. This well-maintained asset consists of five duplexes situated on three contiguous lots, built in 1965 and featuring individual garages and a shared swimming pool. The property was recently color coated and painted in 2024, and three of the roofs have been replaced within the last five years, enhancing curb appeal and long-term durability. With current rents ranging from $895 to $1,300, there is immediate income potential and room for growth. Conveniently located west of Highway 99, this property offers cash flow in a desirable Bakersfield submarket.