$2.10M

$2.10M

Est. $13,900/mo · 20% down · 6.5% · 30yr

4023 O, Bakersfield, CA, 93301

MLS# 1153235424

Expired
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1.30acres
1986built
New listing

About this home

GREAT Investment opportunity to acquire a 7-unit apartment portfolio spanning two well-maintained buildings one 4-plex and one triplex situated on a large parcel with a vacant rear lot fully approved for 22 additional units.The included vacant rear lot comes with city approvals and plans in place for a new 22-unit multifamily development, giving investors or developers the rare ability to generate immediate cash flow from the existing 7 units while moving forward with an expansion project that dramatically increases density and long-term returns.

Property Details

💰

$2.10M

Price

🌿

1.30 acres

Lot Size

🏗️

1986

Year Built

🏠

Apartment

Type

📅

New today

Days Listed

ExpiredBakersfield, CA 93301

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Loan Type

Loan Term

$2,100,000
%
3%50%
$105,000 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$15,649

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$12,610
Property Taxes / mo$2,188
Home Insurance / mo$120
PMI (Mortgage Insurance)$732
Total Est. Payment$15,649
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93301

Market Stats

Active Listings

85

ZIP 93301

Median List Price

$345K

ZIP 93301

Avg Days on Market

94

Bakersfield avg

Sale / List Price

297.6%

avg ratio

4023 O, Bakersfield, CA, 93301

Listed by: Alejandro Mora, The Mora Partners Inc.

Office: 661-463-8186

MLS#: 1153235424

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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