237 Dr Martin Luther King Jr, Bakersfield, CA 93307

$585,000

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Listed by Veronica Alcazar, from eXp Realty of Greater Los Angeles, Inc.
(If provided) CoList: from

List Price
$585,000
MLS#
CRSR26185517
Status
ACTIVE
Lot Size
7,535
Listing Area
Bksf - Bakersfield

Property Description

Excellent 4-unit investment opportunity with all units currently occupied and generating $58,044 in gross annual income. The property was remodeled in 2022 and features a desirable mix of two 2-bedroom units and two 3-bedroom units. Unit A is 2/1, unit B is 3/1, unit C is 2/1.5, and unit D is 3/1.5.Unit C could be sold vacant or re-rented at current market. Improvements include granite countertops, tile flooring, LVT stair flooring in Units C and D, interior laundry in each unit, private patios, and designated on-site parking. Newer A/C units were installed in 2021, and a concrete block perimeter wall with wrought-iron gates was added in 2022. An attractive opportunity for an investor seeking a fully occupied multifamily property with substantial recent improvements or an FHA buyer looking to live in one unit and rent out the other three units.

Additional Information

Laundry Facilities
None
Levels
One Story
Lot Size
7,535
Neighborhood
Bksf - Bakersfield
Numberof Units
4
Pool Description
None
Unincorporated Yn
Yes

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