Bakersfield, CA 93307,235 Dr Martin Luther King Jr BLVD
$315,000
$315,000
Est.Price: ?

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7,535 Sqft Lot

235 Dr Martin Luther King Jr BLVD Bakersfield, CA 93307

Est. payment /mo
SOLD DATE : 12/29/2020

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Key Details

Sold Price $315,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW20121359

Sold Date 12/29/20

HOA Y/N No

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

Zoning R-4

Interior

Fireplace No

Laundry See Remarks

Exterior

Pool None

Community Features Street Lights

Private Pool No

Building

Lot Description Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 01919117009

Acceptable Financing Cash to New Loan, Conventional, FHA

Listing Terms Cash to New Loan, Conventional, FHA

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Herbert Diaz • PLF Real Estate Solutions
Bought with Herbert Diaz • PLF Real Estate Solutions

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