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237 Dr Martin Luther King Jr BLD Bakersfield, CA 93307
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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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Bought with Joshua Salazar