Bakersfield, CA 93307,237 Dr Martin Luther King Jr BLVD

$316,500

Est. payment /mo

$315,000

0.5%
Est.Price: ?

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237 Dr Martin Luther King Jr BLVD Bakersfield, CA 93307

3,557 SqFt

SOLD DATE : 12/16/2021

Key Details

Sold Price $316,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,557 sqft

Price per Sqft $88

MLS Listing ID DW21025753

Sold Date 12/16/21

HOA Y/N No

Year Built 1983

Lot Size 7,535 Sqft

Acres 0.173

Property Description

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!!

Location

State CA

County Kern

Area Bksf - Bakersfield

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Heating Central

Cooling Central Air

Fireplace No

Laundry See Remarks

Exterior

Garage Assigned

Pool None

Community Features Rural

Parking Type Assigned

Private Pool No

Building

Lot Description Pasture

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 01919116006

Acceptable Financing Cash

Listing Terms Cash

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Herbert Diaz • PLF Real Estate Solutions
Bought with General NONMEMBER • NONMEMBER MRML

Gwyn Goodman

Broker | License ID: 00779815

+1(805) 443-5650

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