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$ 640,000
Est. payment /mo
Pending
1102 Gage Street Bakersfield, CA 93305
3,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,800 sqft
Price per Sqft $168
MLS Listing ID 202507752
Year Built 1988
Property Sub-Type 4 Units
Property Description
A large fourplex built in 1988, featuring (4) 3bd/1ba units. All units have been updated within the past five years with modern laminate flooring and smooth skim-coated, freshly painted walls.Two units also feature granite kitchen countertops for added appeal.The property is fully occupied and currently generates $5,360 per month in gross rental income.Rents range from $1,300 to $1,400 per unit, with upside potential to reach $1,500/month.Exterior improvements include newly replaced staircases and handrails on both the front and rear of the building, boosting both safety and curb appeal.The two ground-level units enjoy private, fenced yards with upgraded security gates with keypad access. A security gate has also been installed at the rear of the property, where tenants enjoy gated parking,two designated spaces per unit.This asset offers strong in-place cash flow and potential for increased income, making it a smart addition to any investor's portfolio.
Location
State CA
County Kern
Area 41
Exterior
Parking Features Uncovered
Parking On Site 8
Building
Story 2
Schools
Elementary Schools Longfellow
Middle Schools Washington
High Schools East
School District Bakersfield City
Listed by Nicholas S Sibley • Central Valley Property Advisors