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710 K St.

710 K St., Bakersfield, CA 93304

N/A

2 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
2
Building Size:
2,570 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
10.70%
Gross Rent Multiplier:
6.52
Occupancy:
50%
No. Stories:
2
Year Built:
2008
Lot Size:
3,920 SF
Listing ID
16185958
Last Updated
over 1 year ago

Description

This property is within a 16 building complex just recently built in 2008. Units have 3 bedrooms - 2.5 bathrooms - 2 car attached garage - granite counters in kitchen and bathrooms. Indoor laundry area. Tiled flooring in kitchen, dining area and living room. Patio area. PROPERTY WAS ACQUIRED BY CURRENT OWNER - WHO IS THE LISTING BROKER - THROUGH FORECLOSURE. CURRENT OWNER DID A CONSTRUCTION LOAN ON THE PROPERTY AND HAD TO FORECLOSE. EXPENSES FOR CAP RATE ARE ESTIMATED - OWNER HAS JUST ACQUIRED AND DOES NOT HAVE A HISTORY OF BILLS. EXPENSES WERE ESTIMATED AT 30% OF GROSS RENTS. FRONT UNIT IS CURRENTLY RENTED FOR 1170.00 PER MONTH AND BACK UNIT IS ESTIMATED AT 1100.00 PER MONTH.

South part of central Bakersfield

Map of 710 K St., Bakersfield, CA 93304 (Kern County)

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