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2924 Claire Street

Lake Isabella, CA 93240
  • $1,199,000
  • STATUS: Active
  • ON SITE: 66 Days
  • ID#: 202401209
$1,199,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
82
Type:
Multi-Family
Built:
1964
County:
Area:
82

School Information

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

Description

Invest in your future with this lucrative opportunity! Priced competitively at $119,900 per unit, this property boasts over $240,000 in recent upgrades, ensuring optimal returns. With the surge in remote work, tenants prioritize lifestyle over commuting. Embrace this trend with breathtaking mountain views, lake proximity, and recreational amenities like hiking, boating, and fishing. This meticulously maintained 10-unit complex offers a promising investment with room for rent increases and appreciation. 6 units have been extensively renovated, fetching rents upwards of $1,100 for 2-bedroom units. The property comprises four duplexes (each 2 bd/1 ba, approx. 826 sf), one 1 bd/1 ba unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outdoor amenities include BBQ facilities, landscaped grounds, and seating areas. With positive cash flow, strong cap rate, and attractive GRM, seize this rare chance for financial growth! Don't miss out on this exceptional investment opportunity!

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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: 2024-04-03T23:31:38.88.
www.kerncountyhouse.com/homes/147591721
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2924 Claire Street Lake Isabella, CA 93240

  • Price: $1,199,000
  • Status: Active
  • On Site: 66 Days
  • ID#: 202401209
0
Beds
0
Baths
0
½ Baths
0.65
Acres
1964
Built
Neighborhood:
82
County:
Kern
Area:
82
Elementary School:
Wallace, W. W.
Middle School:
Wallace, W. W.
High School:
Kern Valley
School District:
Kernville Union
Property Description
Invest in your future with this lucrative opportunity! Priced competitively at $119,900 per unit, this property boasts over $240,000 in recent upgrades, ensuring optimal returns. With the surge in remote work, tenants prioritize lifestyle over commuting. Embrace this trend with breathtaking mountain views, lake proximity, and recreational amenities like hiking, boating, and fishing. This meticulously maintained 10-unit complex offers a promising investment with room for rent increases and appreciation. 6 units have been extensively renovated, fetching rents upwards of $1,100 for 2-bedroom units. The property comprises four duplexes (each 2 bd/1 ba, approx. 826 sf), one 1 bd/1 ba unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outdoor amenities include BBQ facilities, landscaped grounds, and seating areas. With positive cash flow, strong cap rate, and attractive GRM, seize this rare chance for financial growth! Don't miss out on this exceptional investment opportunity!
Exterior Features

Garages 0 Parking Carport Parking Spaces 8.00

Property Features

Annual Gross Income 109380.00 Annual Net Income 44911.00 Cap Rate 0.04 Disclosures None of the Above Multifamily Type 5 - 10 Units Total Annual Expense 64469.00 Vacancy Factor 5.00

Listing courtesy of Laurice Mccarty of Coldwell Banker Preferred, REALTORS®: .


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: 2024-04-03T23:31:38.88.
 
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