1124 Pacific

Bakersfield, CA 93305

Price

$255,000

MLS#

21904646

Status

ACTIVE

Type

Multifamily

SubType

3 Units

City

Bakersfield

Area

Northeast

County

Kern

Living Area

2,034

Year Built

1930

Lot Size

11,308

Property Description

Cash producing triPlex that actually meets the 1% investment rule (monthly rental income should generate 1% of purchase price)...try running that rule with other investments! Front unit is 3 bedroom 1 bath with indoor laundry rented monthly at $1000, middle unit is 2 bedroom 1 bath rented at $850, and rear unit is 1 bedroom 1 bath at $700. Two of the tenants have been there for well over 5 years and would like to stay. Lots of parking and plenty of yard space. Un-rented & underutilized giant garage and basement under front unit could sweeten the deal significantly. Bonus adjoining lot to the east is also included. Two electric meters and a second gas meter currently being installed. Drive by only, do not disturb tenants. Seller financing available with 30% down and a very low rate of 7%. Check out the attached floor plan.

Additional Information

Stories

1

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(661) 243-7282

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Courtesy of Noah Figueroa with Platinum Real Estate, Inc.

Provided Courtesy Of Bakersfield Association of Realtors.
Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2019 Bakersfield Association of Realtors. All Rights Reserved.
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