923 Lake Street, Bakersfield, CA 93305
Property · 2 recorded sales since 2019
Sold August 2020
Listing Agent: Herbert Diaz (DRE #01458024) · Listing Office: PLF Real Estate Solutions · Contact: 562-639-9636 · Bought with: Jamie Hammontree · PLF Real Estate Solutions · MLS #DW20131115 · Source: CRMLS
About this property
Amazing opportunity to own long term investment opportunity in Bakersfield!! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 7.6% and a GRM of 10.1!! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio. Or, if you're a savvy owner occupant this property will qualify for FHA, first time home buyer programs and come out of pocket for as low as 3.5% down and have the tenants cover all of your expenses!Whether you're a seasoned property investor or an ambitious home buyer looking take advantage of the current market don't miss out on this amazing opportunity!! Seller will consider crediting buyer towards closing costs!!
Listing description from the August 2020 sale, as reported to CRMLS.
Sale history
