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Key Details
Sold Price $346,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,768 sqft
Price per Sqft $91
MLS Listing ID IV21001049
Sold Date 06/24/21
HOA Y/N No
Year Built 1921
Lot Size 0.690 Acres
Acres 0.69
Property Description
Back On The Market!! Do You Want To Know What Is An Investor's DREAM? About This: Having Steady Single-Tenant ~ That Have Leased The Entire Property For Over A Decade (Men's Home) ~ 100% fully Occupied All The Time ~ And Truly NO Maintenance Cost Or Expenses ~ NO Utilities (They Pay Their Own Water, Trash, Etc And Bringing Rental Income $2,800 Monthly, In Contract Until July 2021 ~ Definitely Predictable ROI Netting Approx 10.8% ~ With Annual Rent Increase Of 3% ~ It Is Also MULTIPLE-FAMILY RESIDENTIAL ZONE (R3) Mixed Use ~ You'll See The Potential For A BIGGER, Newer Development In The Future (Must Check With The County/City For Details) ~ Main House Features 3 Bedrooms, 2 Bathrooms, Large Living Room, Formal Dining Area, Central A/C, And A Spacious Basement. Second UNIT Offers 1 Bedroom, 1 Bath And Laundry Area. Banquet Hall, Plenty Of Storage Space All Sitting On Approximately 31,761 Sq Ft Lot ~ Tons Of Opportunity Available With This UNIQUE Investment Property ~ Excellent CASH-FLOW Property Two-Story Main House, With A Second House, And Other Structures On ~ 2 Minutes Way From The FWY ~ Great Piece To Add To Your Portfolio Or For 1031 Exchange Replacement Property. Please Do Not Disturb Tenants ~ DRIVE BY ONLY ~ Welcome To Submit Your Offer.
Location
State CA
County Kern
Area Bksf - Bakersfield
Zoning R-3
Rooms
Ensuite Laundry Inside, Outside
Interior
Laundry Location Inside,Outside
Fireplace No
Laundry Inside, Outside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 12717022008
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with JUANCARLOS TRUJILLO • RE/MAX TIME REALTY