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    112 Lincoln Avenue

    Bakersfield, CA 93308
    • $325,000
    • STATUS: Pending
    • ON SITE: 11 days
    • ID#: 202103700
    Pending
    UPDATED: 30 min ago
    $325,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 912
      SQFT
    • $356
      $/SQFT
    Neighborhood:
    21
    Type:
    Multi-Family
    Built:
    1927
    County:
    Area:
    21

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Amazing opportunity to own new construction duplex in the hottest rental market in California! New building is 2080 sf. These 3 bedroom/1.5 bath units have all the modern safety features including fire sprinklers. In addition, there are solar panels for both units! All appliances are electric taking full advantage of solar savings for tenants. Units have tile floors throughout and granite counters in kitchens and bathrooms. Water is a flat $54/month keeping operating costs low for the owner. The Oildale area has always been a high demand rental market. These units will be easy to occupy and keep rented. Owner will finance $125,000 at 8.5% interest, 30 year amortization, 5 year ADP, 3-2-1 prepayment penalty- 3% first year, etc. Year 4 and 5 no prepayment penalty. Construction scheduled for completion on 5/1.

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    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Keller Williams Realty or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-04-19T13:31:41.32.
    www.kerncountyhome.com/homes/115839378
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    112 Lincoln Avenue Bakersfield, CA 93308

    • Price: $325,000
    • Status: Pending
    • Updated: 30 min ago
    • ID#: 202103700
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    912
    SQFT
    $356
    $/SQFT
    1927
    Built
    Neighborhood:
    21
    County:
    Kern
    Area:
    21
    Elementary School:
    Standard
    Middle School:
    Standard
    High School:
    North
    School District:
    Standard
    Property Description
    Amazing opportunity to own new construction duplex in the hottest rental market in California! New building is 2080 sf. These 3 bedroom/1.5 bath units have all the modern safety features including fire sprinklers. In addition, there are solar panels for both units! All appliances are electric taking full advantage of solar savings for tenants. Units have tile floors throughout and granite counters in kitchens and bathrooms. Water is a flat $54/month keeping operating costs low for the owner. The Oildale area has always been a high demand rental market. These units will be easy to occupy and keep rented. Owner will finance $125,000 at 8.5% interest, 30 year amortization, 5 year ADP, 3-2-1 prepayment penalty- 3% first year, etc. Year 4 and 5 no prepayment penalty. Construction scheduled for completion on 5/1.
    Exterior Features

    Garages 0 Parking Uncovered Parking Spaces 0.00

    Property Features

    Annual Gross Income 31200.00 Annual Net Income 21188.00 Cap Rate 0.07 Disclosures None Of The Above Multifamily Type Duplex Total Annual Expense 9700.00 Vacancy Factor 1.00

    Listing courtesy of Philip Jordan of Keller Williams Realty.


    Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Keller Williams Realty or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data last updated: 2021-04-19T13:31:41.32.
     
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    HomeStead Real Estate
    7440 Meany Ave Suite C
    Bakersfield CA, 93308