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223-223 1/2 Lincoln Avenue

Bakersfield, CA 93308
  • $285,000
  • STATUS: Active Under Contract
  • ON SITE: 118 Days
  • ID#: 202300959
Under Contract
UPDATED: 133 min ago
$285,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 720
    SQFT
  • $396
    $/SQFT
Neighborhood:
21
Type:
Multi-Family
Built:
1927
County:
Area:
21

School Information

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

Description

Just finished a fully remodeled/rebuilt 1,200 sf* 3-bed/1-bath front unit with a large attached two-car garage + a 680 sf* detached 1-bed/1-bath unit at the rear of the property. The rear unit is fully independent of the front unit with a separate alley access and is occupied by a long term tenant that pays $500/month. This is a perfect set-up for an owner occupied front unit with income from the rear unit. Also, could be a great investment with potential rental income of $1,600/mo on the front unit and current income of $500/mo for the rear unit. *Owners estimate.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2023. 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 Watson 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: 2023-06-01T23:31:42.603.
www.kerncountyhome.com/homes/136683925
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223-223 1/2 Lincoln Avenue Bakersfield, CA 93308

  • Price: $285,000
  • Status: Active Under Contract
  • On Site: 118 Days
  • Updated: 133 min ago
  • ID#: 202300959
0
Beds
0
Baths
0
½ Baths
0.22
Acres
720
SQFT
$396
$/SQFT
1927
Built
Neighborhood:
21
County:
Kern
Area:
21
Elementary School:
Standard
Middle School:
Standard
High School:
North
School District:
Standard
Property Description
Just finished a fully remodeled/rebuilt 1,200 sf* 3-bed/1-bath front unit with a large attached two-car garage + a 680 sf* detached 1-bed/1-bath unit at the rear of the property. The rear unit is fully independent of the front unit with a separate alley access and is occupied by a long term tenant that pays $500/month. This is a perfect set-up for an owner occupied front unit with income from the rear unit. Also, could be a great investment with potential rental income of $1,600/mo on the front unit and current income of $500/mo for the rear unit. *Owners estimate.
Exterior Features

Garages 2 Parking GarageUncovered Parking Spaces 4.00

Property Features

Annual Gross Income 25200.00 Annual Net Income 17900.00 Cap Rate 0.06 Disclosures None Of The Above Multifamily Type 2 Homes On 1 Lot Total Annual Expense 7300.00 Vacancy Factor 1.00

Listing courtesy of Chuck Naus of Watson Realty: .


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2023. 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 Watson 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: 2023-06-01T23:31:42.603.
 
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MV & Associates Real Estate
5329 Office Center Ct, Ste 201
Bakersfield CA, 93313