919 Grace Street
Bakersfield, CA 93305
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1921 build
- – on site
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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.
Listed By CRMLS_CA / JUANCARLOS TRUJILLO / MOVOTO, INC.
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Last updated Apr 17, 2024
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MLS# IV21001049 —
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/24/21
Jun 24, 2021
|
Sold | CRMLS_CA | $346,500 | -3.2% |
4/13/21
Apr 13, 2021
|
Pending | CRMLS_CA | $358,000 | |
1/4/21
Jan 4, 2021
|
Listed / Active | CRMLS_CA | $358,000 |