Bakersfield, CA 93307,237 Dr Martin Luther King Jr BLD
Bakersfield, CA 93307,237 Dr Martin Luther King Jr BLD
Bakersfield, CA 93307,237 Dr Martin Luther King Jr BLD
5
$315,000
$315,000
Est.Price: ?

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7,535 Sqft Lot

237 Dr Martin Luther King Jr BLD Bakersfield, CA 93307

Est. payment /mo
SOLD DATE : 12/15/2020

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Key Details

Sold Price $315,000

Property Type Multi-Family

Sub Type Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRDW20121414

Sold Date 12/15/20

Originating Board California Regional MLS

Year Built 1983

Lot Size 7,535 Sqft

Property Description

Amazing opportunity to own long term investment opportunity in Bakersfield!! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 9.8% and a GRM of 10.4!! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio. Or, if you're a savvy owner occupant this property will qualify for FHA, first time home buyer programs and come out of pocket for as low as 3.5% down and have the tenants cover all of your expenses!Whether you're a seasoned property investor or an ambitious home buyer looking take advantage of the current market don't miss out on this amazing opportunity!! Seller will consider crediting buyer towards closing costs!!

Location

State CA

County Kern

Area Bksf - Bakersfield

Multi-Unit Info

Total Units 4

Buildings 1

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Garage Assigned Spaces

Pool None

Building

Story One Story

Water District - Public

Others

Tax ID 01919116006

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Herbert Diaz • PLF Real Estate Solutions
Bought with Joshua Salazar

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Paul Locatelli

Broker Associate | License ID: 1348436

+1(831) 750-9795

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