$990,000 Price Analysis    ♡   Bakersfield, CA 93304 Unknown bed None bath 6,688 SqFt ($148/SqFt) 0.67 acre lot. Built 1936 Listed 2024-06-24 | Ⓧ USDA Ineligible due to price & location near Bakersfield |
Welcome to this exceptional investment opportunity located on a roomy lot
Offering a total of 8 units , four two bed/one bath and four one bed/ one bath, This c omplex is designed for optimal rental income with several long term tenants and an impressive cap rate.
The large lot offers generous parking area for all units and potential for expansion. Seller is offering seller financing with favorable terms with a minimum 20% down payment.
Presented by Michael Still at
Agentcor-Big Block Realty.
Property MLS #202406183 from Bakersfield
Cooling Features: Evaporative, Floor/Wall Heater
Heating Features: Evaporative, Floor/Wall Heater
Evaporative
Floor/Wall Heater
Heating Features: Evaporative, Floor/Wall Heater
Evaporative
Floor/Wall Heater
Lot Dimensions Source: SqFt
Lot Size Acres: 0.6699954
Lot Size Source: (Public Record)
Lot Size Square Feet: 29185
Lot Size Acres: 0.6699954
Lot Size Source: (Public Record)
Lot Size Square Feet: 29185
Garage Description: Uncovered
Parking Features: Uncovered
Parking Total: 8
Parking Features: Uncovered
Parking Total: 8
Association: No
Calculated Total Monthly Association Fees: 0
Calculated Total Monthly Association Fees: 0
Elementary School: Harris, C.
Elementary School District: Bakersfield City
High School: Bakersfield
Middle School: Curran
Elementary School District: Bakersfield City
High School: Bakersfield
Middle School: Curran
Caroline Harris Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsBakersfield High School is a public high school located approximately 0.9 miles away.
Map directions
Map directionsCurran Middle School is a public middle school located approximately 1.5 miles away.
Map directions
Map directionsSt. Francis is a private elementary and middle school located approximately 0.5 miles away.
Map directions
Map directionsNumber of Units: 8
Number of Units Vacant: 5
Vacancy Allowance: 5
Vacancy Allowance: 5
City Region: Bakersfield
Source Listing Status: Active
County: Kern
Cap Rate: 0.09
Source Property Type: ResidentialIncome
Area: 10
Source Neighborhood: 10
Property Subtype: 5 - 10 Units
Source System Name: C2C
Source Listing Status: Active
County: Kern
Cap Rate: 0.09
Source Property Type: ResidentialIncome
Area: 10
Source Neighborhood: 10
Property Subtype: 5 - 10 Units
Source System Name: C2C
Price Changed 2024-07-07
$990,000
Bakersfield
Listed 2024-06-24
$1,050,000
Bakersfield
Listing removed 2024-05-25
$0
Bakersfield
Listed 2024-02-27
$999,999
Bakersfield
$990,000
Bakersfield
Listed 2024-06-24
$1,050,000
Bakersfield
Listing removed 2024-05-25
$0
Bakersfield
Listed 2024-02-27
$999,999
Bakersfield
Net Operating Income: 90250
Total Square Feet Living: 6688
Year Built: 1936
Property Age: 88
Levels or Stories: 2
Year Built: 1936
Property Age: 88
Levels or Stories: 2
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.