$540,000
$600,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
4,608 SqFt
SOLD DATE : 03/22/2024
Key Details
Sold Price $540,000
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $117
MLS Listing ID 202401804
Sold Date 03/22/24
Year Built 1979
Property Sub-Type 5 - 10 Units
Property Description
510 Lake Street- Experience an incredible investment opportunity at 510 Lake Street, Bakersfield, CA, where six bread and butter 2-bedroom/1-bath units await in this property constructed in 1979. Priced attractively at $600,000, each unit costs only $100,000, making it an exceptional deal. With a Gross Rent Multiplier of 9.81, this property promises solid returns, reflecting its potential for lucrative rental income. Don't miss out on this chance to secure a profitable asset in a desirable location. Three units have immediate rent upside.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Uncovered
Building
Story 2
Schools
Elementary Schools Longfellow
Middle Schools Washington
High Schools Bakersfield
School District Bakersfield City
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Bought with Marc A Thurston • ASU Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
josh.gregoriorealestategroup@gmail.com
3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA