237 Dr Martin Luther King Jr Boulevard Bakersfield CA 93307 | DW21025753

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!!

Property Details

Price:
$315,000
MLS #:
DW21025753
Status:
Active Under Contract
Address:
237 Dr Martin Luther King Jr Boulevard
Type:
Residential Income
City:
Bakersfield
Listed Date:
Feb 7, 2021
State:
CA
ZIP:
93307
Lot Size:
7,535 sqft / 0.17 acres (approx)
Year Built:
1983

Schools

Interior

Cooling
Central Air
Heating
Central

Exterior

Community Features
Rural
Garage Spaces
0.00
Lot Features
Pasture
Parking Features
Assigned
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public

Financial

Tenant Pays
Cable TV, Electricity, Gas

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237 Dr Martin Luther King Jr Boulevard
Bakersfield, CA