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Key Details
Sold Price $365,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22242535
Sold Date 01/23/23
Bedrooms 3
HOA Y/N No
Lot Size 5,663 Sqft
Property Description
Price reduction to $389,000! Seller motivated. Under $100,000 per unit! Bakersfield is a stand-alone market within proximity to the LA market area that is pricing at a 6% plus cap rate. This property is priced at a 6.5% cap rate with rental adjustments, scheduled for 1/1/22, bringing the cap rate to 7.9%. Submit offers today. Turn-key profit-generating property. 4 units in the heart of Bakersfield. Perfect 1031 Exchange opportunity with immediate cash flow.
Price reduction to $389,000! Seller motivated. Under $100,000 per unit! Bakersfield is a stand-alone market within proximity to the LA market area that is pricing at a 6% plus cap rate. This property is priced at a 6.5% cap rate with rental adjustments, scheduled for 1/1/22, bringing the cap rate to 7.9%. Submit offers today. Turn-key profit-generating property. 4 units in the heart of Bakersfield. Perfect 1031 Exchange opportunity with immediate cash flow.
Location
State CA
County Kern
Area Bakersfield (93305)
Zoning Assessor
Building
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, FHA
Space Rent $750
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Adam Olayiwola • UNIVERSAL WEST FINANCIAL & REALTY INC.