$360,000
$375,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7,514 Sqft Lot
SOLD DATE : 08/31/2020
Key Details
Sold Price $360,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW20131115
Sold Date 08/31/20
HOA Y/N No
Year Built 1979
Lot Size 7,514 Sqft
Property Description
Amazing opportunity to own long term investment opportunity in Bakersfield!! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 7.6% and a GRM of 10.1!! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio. Or, if you're a savvy owner occupant this property will qualify for FHA, first time home buyer programs and come out of pocket for as low as 3.5% down and have the tenants cover all of your expenses!Whether you're a seasoned property investor or an ambitious home buyer looking take advantage of the current market don't miss out on this amazing opportunity!! Seller will consider crediting buyer towards closing costs!!
Location
State CA
County Kern
Area Bksf - Bakersfield
Zoning R-4
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Street Lights, Suburban
Total Parking Spaces 4
Private Pool No
Building
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 01537004008
Acceptable Financing Conventional, 1031 Exchange
Listing Terms Conventional, 1031 Exchange
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jamie Hammontree • PLF Real Estate Solutions