Cash producing triPlex that actually meets the 1% investment rule (monthly rental income should generate 1% of purchase price)...try running that rule with other investments! Front unit is 3 bedroom 1 bath with indoor laundry rented monthly at $1000, middle unit is 2 bedroom 1 bath rented at $850, and rear unit is 1 bedroom 1 bath at $700. Two of the tenants have been there for well over 5 years and would like to stay. Lots of parking and plenty of yard space. Un-rented & underutilized giant garage and basement under front unit could sweeten the deal significantly. Bonus adjoining lot to the east is also included. Two electric meters and a second gas meter currently being installed. Drive by only, do not disturb tenants. Seller financing available with 30% down and a very low rate of 7%. Check out the attached floor plan.
Off market
$289,000
1124 Pacific St, Bakersfield, CA 93305
--beds
0baths
2,034sqft
MultiFamily
Built in 1930
-- sqft lot
$289,000 Zestimate®
$142/sqft
$1,277 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Other
Cooling
- Evaporative
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 2,034 sqft
Property
Parking
- Parking features: Garage - Attached
Lot
- Size: 0.26 Acres
Details
- Parcel number: 12702013
Construction
Type & style
- Home type: MultiFamily
Materials
- wood frame
Condition
- Year built: 1930
Community & neighborhood
Location
- Region: Bakersfield
Other
Other facts
- Property Type: Residential Income
- Property Subtype 1: 3 Units
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$289,000
2% more+$5,780
With Zillow Showcase(estimated)$294,780