Price

$1,199,000

Closing Date

Jan 01, 1800

MLS#

202401209

Status

ACTIVE

Type

Multifamily

SubType

5 - 10 Units

City

Lake Isabella

Area

Lake Isabella/Kernville Area

County

Kern

Year Built

1964

Lot Size

28,313

Property Description

Invest in your future with this lucrative opportunity! Priced competitively at $119,900 per unit, this property boasts over $240,000 in recent upgrades, ensuring optimal returns. With the surge in remote work, tenants prioritize lifestyle over commuting. Embrace this trend with breathtaking mountain views, lake proximity, and recreational amenities like hiking, boating, and fishing. This meticulously maintained 10-unit complex offers a promising investment with room for rent increases and appreciation. 6 units have been extensively renovated, fetching rents upwards of $1,100 for 2-bedroom units. The property comprises four duplexes (each 2 bd/1 ba, approx. 826 sf), one 1 bd/1 ba unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outdoor amenities include BBQ facilities, landscaped grounds, and seating areas. With positive cash flow, strong cap rate, and attractive GRM, seize this rare chance for financial growth! Don't miss out on this exceptional investment opportunity!

Additional Information

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