1124 Pacific Street

    Bakersfield, CA 93305
    • $255,000
    • STATUS: Active
    • ON SITE: 119 days
    • ID#: 21904646
    UPDATED: 58 min ago
    $255,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,034
      SQFT
    • $125
      $/SQFT
    Neighborhood:
    31
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:
    31

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Cash producing triPlex that actually meets the 1% investment rule (monthly rental income should generate 1% of purchase price)...try running that rule with other investments! Front unit is 3 bedroom 1 bath with indoor laundry rented monthly at $1000, middle unit is 2 bedroom 1 bath rented at $850, and rear unit is 1 bedroom 1 bath at $700. Two of the tenants have been there for well over 5 years and would like to stay. Lots of parking and plenty of yard space. Un-rented & underutilized giant garage and basement under front unit could sweeten the deal significantly. Bonus adjoining lot to the east is also included. Two electric meters and a second gas meter currently being installed. Drive by only, do not disturb tenants. Seller financing available with 30% down and a very low rate of 7%. Check out the attached floor plan.

    Monthly Payment Calculator

    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2019. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Platinum Real Estate, Inc. or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2019-08-20T22:31:51.35.
    www.kerncountyhouse.com/homes/93930113

    1124 Pacific Street Bakersfield, CA 93305

    • Price: $255,000
    • Status: Active
    • Updated: 58 min ago
    • ID#: 21904646
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    2,034
    SQFT
    $125
    $/SQFT
    1930
    Built
    Neighborhood:
    31
    County:
    Kern
    Area:
    31
    Elementary School:
    Jefferson_Bak
    Middle School:
    Stiern, Walter
    High School:
    East
    School District:
    Bakersfield City
    Property Description
    Cash producing triPlex that actually meets the 1% investment rule (monthly rental income should generate 1% of purchase price)...try running that rule with other investments! Front unit is 3 bedroom 1 bath with indoor laundry rented monthly at $1000, middle unit is 2 bedroom 1 bath rented at $850, and rear unit is 1 bedroom 1 bath at $700. Two of the tenants have been there for well over 5 years and would like to stay. Lots of parking and plenty of yard space. Un-rented & underutilized giant garage and basement under front unit could sweeten the deal significantly. Bonus adjoining lot to the east is also included. Two electric meters and a second gas meter currently being installed. Drive by only, do not disturb tenants. Seller financing available with 30% down and a very low rate of 7%. Check out the attached floor plan.
    Exterior Features

    Garages 0 Parking GarageUncovered Parking Spaces 0.00

    Property Features

    Annual Gross Income 30600.00 Annual Net Income 1.00 Cap Rate 0.00 Disclosures None Of The Above Multifamily Type 3 Units Total Annual Expense 1.00 Vacancy Factor 3.00

    Listing courtesy of Noe Figueroa of Platinum Real Estate, Inc..
    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2019. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Platinum Real Estate, Inc. or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2019-08-20T22:31:51.35.
     
    Infinity Real Estate Services
    9201 Camino Media, Suite #100
    Bakersfield CA, 93311