237 Dr Martin Luther King Jr, Bakersfield, CA 93307
- $585,000
- List Price
- $585,000
- Status
- ACTIVE
- MLS#
- SR26185517
- Year Built
- 1983
- Lot Size
- 7,535
- Acres
- 0.17
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 35
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
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
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $4,837
Listing courtesy of Listing Agent: Veronica Alcazar (veronicasrealty4u@sbcglobal.net) from Listing Office: eXp Realty of Greater Los Angeles, Inc..
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