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    919 Grace Street

    Bakersfield, CA 93305
    • $358,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: IV21001049
    UPDATED: 55 min ago
    $358,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,768
      SQFT
    • $95
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Back On The Market!! Do You Want To Know What Is An Investor's DREAM? About This: Having Steady Single-Tenant ~ That Have Leased The Entire Property For Over A Decade (Men's Home) ~ 100% fully Occupied All The Time ~ And Truly NO Maintenance Cost Or Expenses ~ NO Utilities (They Pay Their Own Water, Trash, Etc And Bringing Rental Income $2,800 Monthly, In Contract Until July 2021 ~ Definitely Predictable ROI Netting Approx 10.8% ~ With Annual Rent Increase Of 3% ~ It Is Also MULTIPLE-FAMILY RESIDENTIAL ZONE (R3) Mixed Use ~ You'll See The Potential For A BIGGER, Newer Development In The Future (Must Check With The County/City For Details) ~ Main House Features 3 Bedrooms, 2 Bathrooms, Large Living Room, Formal Dining Area, Central A/C, And A Spacious Basement. Second UNIT Offers 1 Bedroom, 1 Bath And Laundry Area. Banquet Hall, Plenty Of Storage Space All Sitting On Approximately 31,761 Sq Ft Lot ~ Tons Of Opportunity Available With This UNIQUE Investment Property ~ Excellent CASH-FLOW Property Two-Story Main House, With A Second House, And Other Structures On ~ 2 Minutes Way From The FWY ~ Great Piece To Add To Your Portfolio Or For 1031 Exchange Replacement Property. Please Do Not Disturb Tenants ~ DRIVE BY ONLY ~ Welcome To Submit Your Offer.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112986102
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    919 Grace Street Bakersfield, CA 93305

    • Price: $358,000
    • Status: Active
    • Updated: 55 min ago
    • MLS #: IV21001049
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    3,768
    SQFT
    $95
    $/SQFT
    1921
    Built
    Neighborhood:
    BKSF - Bakersfield
    County:
    Kern
    Area:
    BKSF - Bakersfield
    Property Description
    Back On The Market!! Do You Want To Know What Is An Investor's DREAM? About This: Having Steady Single-Tenant ~ That Have Leased The Entire Property For Over A Decade (Men's Home) ~ 100% fully Occupied All The Time ~ And Truly NO Maintenance Cost Or Expenses ~ NO Utilities (They Pay Their Own Water, Trash, Etc And Bringing Rental Income $2,800 Monthly, In Contract Until July 2021 ~ Definitely Predictable ROI Netting Approx 10.8% ~ With Annual Rent Increase Of 3% ~ It Is Also MULTIPLE-FAMILY RESIDENTIAL ZONE (R3) Mixed Use ~ You'll See The Potential For A BIGGER, Newer Development In The Future (Must Check With The County/City For Details) ~ Main House Features 3 Bedrooms, 2 Bathrooms, Large Living Room, Formal Dining Area, Central A/C, And A Spacious Basement. Second UNIT Offers 1 Bedroom, 1 Bath And Laundry Area. Banquet Hall, Plenty Of Storage Space All Sitting On Approximately 31,761 Sq Ft Lot ~ Tons Of Opportunity Available With This UNIQUE Investment Property ~ Excellent CASH-FLOW Property Two-Story Main House, With A Second House, And Other Structures On ~ 2 Minutes Way From The FWY ~ Great Piece To Add To Your Portfolio Or For 1031 Exchange Replacement Property. Please Do Not Disturb Tenants ~ DRIVE BY ONLY ~ Welcome To Submit Your Offer.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features InsideOutside Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 33600.00 Gross Scheduled Income 33600.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Net Operating Income 7000.00 New Construction YN No New Taxes Expense 4500.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 7000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 7000.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Estimated Zoning R-3

    Listing provided courtesy of Juancarlos Trujillo of Movoto, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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