Sold Price

$380,000

Price

$389,999

Closing Date

May 06, 2021

MLS#

202103101

Status

SOLD

Type

Multifamily

SubType

5 - 10 Units

City

Bakersfield

Area

Northeast

County

Kern

Living Area

2,801

Year Built

1922

Lot Size

10,454

Property Description

We are pleased to present for sale this unique five (5) unit multi-family property. Consisting of one (1) three (3) bedroom, two (2) bathroom unit, & four (4) studios, the offering sits on a 10,454sq.ft. lot and has a gross rentable square footage of 2801 sq.ft.. Located in a strong rental area, these units have no issue staying rented, not to mention the remodel/rehab done on the main house, consisting of an open/sensible new layout, new flooring, renovated restrooms, new water heaters, redone gas lines & fresh paint. The studios are also in great shape being rehabbed upon ownership; reflected by the condition of the parcel, this property boasts extreme pride of ownership shown by the tenants in place, a true diamond in the rough. This offering provides an excellent opportunity for a buyer to invest in one of the most historically affordable, cash-flow driven submarkets in California.

Additional Information

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