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    919 Grace Street

    Bakersfield, CA 93305
    • $358,000
    • STATUS: ACTIVE
    • ON SITE: 22 days
    • ID#: 302992341
    $358,000
    • 6
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    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 ZO 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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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sandiegoareahomesforsale.co/homes/112991190
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    919 Grace Street Bakersfield, CA 93305

    • Price: $358,000
    • Status: ACTIVE
    • ID#: 302992341
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    Neighborhood:
    Bakersfield (93305)
    County:
    Kern
    Area:
    Bakersfield (93305)
    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 ZO 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

    Pool N/K Site Curbs

    Interior Features

    Stories 2 Story Total Baths Unit1 3

    Property Features

    Annual Expense Actual 7000 Buildings 2 Gross Scheduled Income Actual 33600 Terms CashConventional Unit Number For Unit1 1 Unit1 Rent Actual 2800.0 Zoning Estimated

    Listing provided courtesy of Movoto, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Steven G. Fraioli & Associates
    13176 Midbluff Ave
    San Diego CA, 92128