$485,000

Sqft: 3,820
Sqft lot: 11,326
Acre lot: 0.26
Just Listed -

Contact

Courtesy of Michael R Still, Prestige Properties Team Tipton - Miramar International- Stockdale Hwy.

Status: Active
Property Type: 5 - 10 Units
Year Built: 1902
Days On Website: 8
Own the block, and enjoy the benefits of this income producing 5 unit cash cow. This multi unit opportunity is an investors dream, and comes with several reliable long term tenants to make a very smooth transition for new owners. This quadraplex also features a 5th unit (526 quincy) that will be packaged with the sale. Some units have been updated and all properties are in livable condition with several roofs in good condition, and units having individual laundry connections. Each property has seperate water and pge meters and with the right rehab, rents can easily be raised even though units already feature a great cap rate .This is a rare find and will not last long.

Features

Listing

  • Listed on 2021-04-07 00: 00:00

Location

  • City: Bakersfield
  • ZIP code: 93305
  • Area: 31
  • County: Kern

House

  • Built in 1902
  • 3,820 square feet
  • 5 units

Garage

  • 4 garages

Parking

  • 4 parking spaces
  • Uncovered

Lot

  • Lot measurement: SqFt
  • Lot is 11,326 square feet

Miscellaneous

  • Annual gross income: $48,300
  • Annual net income: $42,000
  • Total annual expense: $6,300

Property Map

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$485,000 -1600 Kern Street, Bakersfield, CA 93305

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1600 Kern Street
Bakersfield, CA 93305
City: Bakersfield

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