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MODERN 3 BED 2.5 BATH FLOOR PLANS
Elevate your lifestyle at Mulberry Village, your modern residential escape in South East Bakersfield. Delivering thoughtfully designed living spaces, our upscale, multi-family rental homes come with highly sought after features, including 3 bedrooms, 2.5 bathrooms, full kitchen, exquisite curb appeal, and beautifully appointed interiors. All fourplexes come complete with sleek appliances, luxury cabinetry and kitchen islands. Mulberry Village also offers on-site management, a children's playground, a pet-friendly environment, lush landscaping, walking trails, a community clubhouse, maintenance-free living, and is located near great schools.

QUICK SUMMARY
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Phase 1 | 31 Lots | 124 Units
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Phase 2 | 52 Lots | 208 Total Units
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Federal Opportunity
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Buy & Hold



First Floor

UNIT A
UNIT B
UNIT C
UNIT D
Second Floor

UNIT A
UNIT B
UNIT C
UNIT D
Providence Floor Plan
UNIT A & D SPECS:
Living Space: 1,255 SF.
Bedrooms: 3
Bathrooms: 2.5
UNIT B & C SPECS:
Living Space: 1,100 SF.
Bedrooms: 2
Bathrooms: 2.5
DEVELOPMENT PHASES

WHY KERN COUNTY?
Why So Many People & Businesses Are Moving to Kern County?
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Largest Economy in San Joaquin Valley
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Pro Business
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Lower Cost of Living
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More Sun (300 Days)
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Less Government Intervention
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Logistics Hub




PROJECTED RENTS

RENT COMPS MAP
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Golden Valley Luxury Apartments
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Tyner Ranch Townhomes
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Villa Sienna Apartment Homes
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Valley Springs
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Park Sorrento
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Boardwalk Luxury Apartments
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918@ East Chester
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Belcourt Apartment Homes
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Mulberry Village

RENT COMPARABLES

SOURCE: APARTMENTS.COM, ZILLOW RENTALS, CREXI, LOOPNET

PHASE 1 PRICING
Asking Price: $995,000.00*
Gross Scheduled Income (GSI): $90,000
Vacancy Rate: $1,800 (2%)
Effective Gross Income (EGI): $88,200 (100%)
Gross Operating Income (GOI): $88,200
Operating Expenses Taxes: $11,442.50 (12.97%) Insurance: $2,500 (2.83%)
Trash: $1,330 (1.51%)
Sewer: $716 (0.81%)
Water: $600 (0.57%)
Electric: $100
Gas: $0
Property Management Fee: $3,528.00 (4%)
HOA: $6,600 (7.48%)
Total Operating Expenses: $26,117 (30%) Net Operating Income (NOI): $62,084 (70%)
Gross Rent Multiplier (GRM): 11.06%
Cap Rate: 6.23%

DETAILS
SALE COMPS MAP
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Tyner Ranch
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The Vineyard Apartments
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Kingsburg Villas Apartments
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Jeremy Willer Construction
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Mulberry Village

SALE COMPARABLES

SOURCE: APARTMENTS.COM, ZILLOW RENTALS, CREXI, LOOPNET
SALES COMP (CHART)

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