Address
237 Dr Martin Luther King Jr Boulevard Bakersfield, CA
Price
$ 315,000
Property Attributes
  • MLS#DW21025753
  • TypeIncome
  • CountyKERN
  • CityBakersfield
  • AreaBakersfield
  • Zip93307
  • Style
  • Price$ 315,000
  • Bedrooms10
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size7,535 SqFt
Listing Provided Courtesy Of:
Herbert Diaz with PLF Real Estate Solutions - 562-639-9636
Data Source:
California Regional MLS (CRMLS) - 25 - CA
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!!

Price History
2/8/2021 Listed $315,000

General Features

Community Features Rural
Cooling Central Air
Heating Central
Levels One
Listing Agent Herbert Diaz - BRE#01458024
Listing Agent State License 01458024
MLS Area BKSF - Bakersfield
Pool Features None
Property Type Residential Income
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Terms Cash
Total Actual Rent 2600
Total Units 4
Water Sewer Expense 2400

Interior Features

Air Conditioning Y/N Yes
Common Walls No Common Walls
Heating Y/N Yes
Laundry Features See Remarks

Exterior Features

Lot Features Pasture
Lot Size Acres 0.17
Lot Size Area 7535
Lot Size Source Assessor
Lot Size Square Feet 7535
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Parking Features Assigned
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 93307

Price
AVG $340K
$320K
Visits
AVG 18
123
Year Built
AVG 1967
1983
Walkscore
AVG 48
43
Data Provided by Walkscore ® not using MLS data

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