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12119 Edison Highway

Bakersfield, CA 93307
  • $574,999
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: 202404535
UPDATED: 89 min ago
$574,999
  • 0
    BEDS
  • 0.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,397
    SQFT
  • $240
    $/SQFT
Neighborhood:
43
Type:
Multi-Family
Built:
1942
County:
Area:
43

School Information

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

Description

Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. All units are tenant occupied by long term tenants who pay their rents religiously. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units that can be built/added comfortably. Don't sleep on this one and add this income producing property to your portfolio today!

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 Infinity Real Estate Services 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: 2024-05-19T09:31:51.563.
www.kerncountyhouse.com/homes/150365465
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12119 Edison Highway Bakersfield, CA 93307

  • Price: $574,999
  • Status: Active
  • On Site: 9 Days
  • Updated: 89 min ago
  • ID#: 202404535
0
Beds
0
Baths
0
½ Baths
0.72
Acres
2,397
SQFT
$240
$/SQFT
1942
Built
Neighborhood:
43
County:
Kern
Area:
43
Elementary School:
Orangewood
Middle School:
Edison
High School:
Mira Monte
School District:
Edison
Property Description
Bread and butter 5 units sitting on a 0.70 acre lot with a C-2, R-2 zoning generating just under $5,000 in monthly rental income. Wonderful opportunity to own this piece of real estate that has steady income with low maintenance and high returns. All units are tenant occupied by long term tenants who pay their rents religiously. In addition, there are endless possibilities to explore, as you can add more units and maximize your investment, as the zoning and lot size allows for more units that can be built/added comfortably. Don't sleep on this one and add this income producing property to your portfolio today!
Exterior Features

Garages 0 Parking Uncovered Parking Spaces 0.00

Property Features

Annual Gross Income 56592.00 Annual Net Income 50000.00 Cap Rate 0.09 Disclosures None of the Above Multifamily Type 5 - 10 Units Total Annual Expense 6000.00 Vacancy Factor 0.01

Listing courtesy of Moiz Lakdawala of Keller Williams Realty: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2024. 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 Infinity Real Estate Services 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: 2024-05-19T09:31:51.563.
 
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Infinity Real Estate Services
900 Truxtun Avenue Suite #230
Bakersfield CA, 93301