1701 OWENS Street Bakersfield CA 93305 | 22126697

Upgraded fourplex with strong cash flow. All units are 2 bedroom 1 bath, have been renovated and are fully occupied. Rents are Unit A: $817, Unit B: $817, Unit C: $802 and Unit D: $875. 3 units are section 8, 1 unit is paid by the Dream Program with the Kern County Housing aAuthority. Rents are stronger than most listed properties in the area and yet there could be room to increase them even more! A rental increase request has been made for unit C at $880 per month with section 8. Units A and B may qualify for increases in the coming months as well. All tenants are on month to month leases. The key systems have been upgraded. Newer roof, plumbing, electrical and water heater. Great investment opportunity that won’t last long.

Property Details

Price:
$425,000
MLS #:
22126697
Status:
Pending
Address:
1701 OWENS Street
Type:
Residential Income
City:
Bakersfield
Listed Date:
Feb 10, 2022
State:
CA
ZIP:
93305
Lot Size:
4,356 sqft / 0.10 acres (approx)
Year Built:
1922

Schools

Interior

Appliances
Gas Range
Cooling
Wall/ Window Unit(s)
Heating
Wall Furnace

Exterior

Parking Features
None
Stories Total
2

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas

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1701 OWENS Street
Bakersfield, CA