$315,000
237 Dr Martin Luther King Jr Boulevard
Bakersfield, CA, 93307
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 / $316,500
MLS #:
DW21025753
Status:
Closed ((Dec 16, 2021))
Baths:
0
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 T V, Electricity, Gas
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of PLF Real Estate Solutions. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 237 Dr Martin Luther King Jr Boulevard
Bakersfield, CA
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