1107 L

Bakersfield, CA 93304

Sold Price

$280,000

Price

$289,950

Closing Date

Sep 18, 2019

MLS#

21907287

Status

SOLD

Type

Multifamily

SubType

4 Units

City

Bakersfield

Area

Downtown

County

Kern

Living Area

2,900

Year Built

1982

Lot Size

5,062

Property Description

Tremendous Cash-flow Investment in Central Bakersfield. Four 2-bed, 1-bath units. Just completed an extensive renovation. Close to the downtown area, Rabobank Arena, and the water park. Market rents are $750/unit ($36,000 gross income). Pro-Forma Cap Rate of 9.88% (5% Vacancy/25% Expense). Add this cash performing asset to your portfolio today.

Additional Information

Stories

2

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(661) 243-7282

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Courtesy of Troy T Lei with Miramar International-Riverwalk

Courtesy of Troy T Lei with Miramar International-Riverwalk

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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