Bakersfield, CA 93307,237 Dr Martin Luther King Jr Boulevard
$316,500
$315,000
0.5%
Est.Price: ?

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10 BD
6 BA
7,535 Sqft Lot

237 Dr Martin Luther King Jr Boulevard Bakersfield, CA 93307

Est. payment /mo
SOLD DATE : 12/16/2021

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Key Details

Sold Price $316,500

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW21025753

Sold Date 12/16/21

Bedrooms 10

HOA Y/N No

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!!
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 Bakersfield (93307)

Zoning Assessor

Interior

Cooling Central Forced Air

Exterior

Garage Unit1:Assigned

Building

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Acceptable Financing Cash

Listing Terms Cash

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San Diego Regional MLS (SDMLS)
Listed by Herbert Diaz • PLF Real Estate Solutions
Bought with General NONMEMBER • NONMEMBER MRML

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