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Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID V1-9392
Sold Date 01/27/22
Bedrooms 8
HOA Y/N No
Lot Size 7,405 Sqft
Property Description
This Southwest Bakersfield 4-plex near Akers and Ming is a great investment opportunity. Each 2 bedroom, 1 bathroom unit has a private patio, laundry hookups plus a separate garage (Units A & C have attached garages with direct access as well as fireplaces). Unit A was recently renovated. Some of the units are currently rented below market value and their rent can be significantly increased. There is tile flooring or luxury vinyl plank throughout most of each unit (except the bedrooms) for easy maintenance. Two units have been vacated recently so that, upon close of escrow, you can set the rent at market rates which are higher than they've been historically.
This Southwest Bakersfield 4-plex near Akers and Ming is a great investment opportunity. Each 2 bedroom, 1 bathroom unit has a private patio, laundry hookups plus a separate garage (Units A & C have attached garages with direct access as well as fireplaces). Unit A was recently renovated. Some of the units are currently rented below market value and their rent can be significantly increased. There is tile flooring or luxury vinyl plank throughout most of each unit (except the bedrooms) for easy maintenance. Two units have been vacated recently so that, upon close of escrow, you can set the rent at market rates which are higher than they've been historically.
Location
State CA
County Kern
Area Bakersfield (93309)
Zoning Public Rec
Interior
Cooling Central Forced Air
Building
Story 2
Lot Size Range 4000-7499 SF
Others
Acceptable Financing Cash, Conventional, FHA
Space Rent $950
Listing Terms Cash, Conventional, FHA
Financing Conventional
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Bought with MANUEL VASQUEZ • Southland Real Estate Group Inc.
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Mary Ellen Haywood
Broker Associate | CA DRE#01264878
Broker Associate CA DRE#01264878