$250,000
$259,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
1,536 SqFt
SOLD DATE : 10/19/2022
Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type 2 homes on 1 Lot
Listing Status Sold
Purchase Type For Sale
Square Footage 1,536 sqft
Price per Sqft $162
MLS Listing ID 202204721
Sold Date 10/19/22
Year Built 1984
Property Sub-Type 2 homes on 1 Lot
Property Description
We are pleased to present for sale these two houses on one lot featuring two, two (2) bedroom, one (1) bathroom units. The offering is situated on a 7405 sq. ft. lot and has a gross rentable square footage of 1525 sq. ft. This is a true value-add opportunity with rents 15-20% below market value and not to mention all utilities (including water) are paid for by the tenants which in-turn will noticeably increase your NOI. McFarland is about 25 minutes north of Bakersfield and is deeply rooted in the agriculture business which is the leading employer for the town. The enticing unit mix and rental upside, not to mention few landlord responsibility, is all the reason why these properties would be a good fit for your portfolio.
Location
State CA
County Kern
Area 98
Exterior
Parking Features Carport
Building
Story 1
Schools
Elementary Schools Browning Road
Middle Schools Mcfarland
High Schools Mcfarland
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Bought with Adrian Garcia • Miramar International
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