This Multifamily Property is Off-Market.

710 K St.
Bakersfield, CA 93304 ·

2 Units · Multifamily For Sale

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Multifamily Property For Sale

Price N/A Cap Rate 10.70%
No. Units 2 Gross Rent Multiplier 6.52
Building Size 2,570 SF Occupancy 50%
Property Type Multifamily No. Stories 2
Property Sub-type Duplex/Triplex/Fourplex Year Built 2008
Property Use Type Investment Lot Size 3,920 SF
Commission Split 3%
Listing ID: 16185958 Date Created: 04/08/2009 Last Updated: 06/24/2009

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

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

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