Sold Price

$282,500

Price

$278,000

Closing Date

Apr 08, 2021

MLS#

202102254

Status

SOLD

Type

Multifamily

SubType

3 Units

City

Bakersfield

Area

Downtown

County

Kern

Living Area

2,230

Year Built

1985

Lot Size

3,920

Property Description

Built in 1985, these units are 2 bed/1 bath each renting in $695 range. Upside on rents is easily 10- 20%! All have Central AC/Heating units and interior washer/dryer hookups. Property is clean and well managed. Landscaping is low maintenance. Gated parking front and rear. Owner pays water. Gas and electric are separately metered: tenants pay their own. These triplexes are on their own separate individual parcels. Seller has preference for buyer that purchases 921 triplex next door concurrently, also on the market at $278,000. This is the area where City of Bakersfield is expanding its downtown sphere of influence...The cherished Mill Creek river walk is just on the other side of California Ave. The property is also within a couple blocks from Maya Cinemas, Starbucks, Rabobank Arena, community pool, and ice rink recreation facilities. Lots of city development close by. The very popular E. Chester downtown neighborhood is very close by: Restaurants, bars, eateries. Area is trending up!

Additional Information

Stories

2