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200 Browning Road

Mc Farland, CA 93250
  • $259,000
  • STATUS: Pending
  • ON SITE: 21 Days
  • ID#: 202204721
Pending
UPDATED: 131 min ago
$259,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,536
    SQFT
  • $169
    $/SQFT
Neighborhood:
98
Type:
Multi-Family
Built:
1984
County:
Area:
98

School Information

Elementary School:
Middle School:
High School:

Description

We are pleased to present for sale these two houses on one lot featuring two, two (2) bedroom, one (1) bathroom units. The offering is situated on a 7405 sq. ft. lot and has a gross rentable square footage of 1525 sq. ft. This is a true value-add opportunity with rents 15-20% below market value and not to mention all utilities (including water) are paid for by the tenants which in-turn will noticeably increase your NOI. McFarland is about 25 minutes north of Bakersfield and is deeply rooted in the agriculture business which is the leading employer for the town. The enticing unit mix and rental upside, not to mention few landlord responsibility, is all the reason why these properties would be a good fit for your portfolio.

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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. 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 Central Valley Property Advisors 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: 2022-05-25T23:31:36.003.
www.sellshouses.net/homes/128365571
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200 Browning Road Mc Farland, CA 93250

  • Price: $259,000
  • Status: Pending
  • On Site: 21 Days
  • Updated: 131 min ago
  • ID#: 202204721
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,536
SQFT
$169
$/SQFT
1984
Built
Neighborhood:
98
County:
Kern
Area:
98
Elementary School:
Browning Road
Middle School:
Mcfarland
High School:
Mcfarland
Property Description
We are pleased to present for sale these two houses on one lot featuring two, two (2) bedroom, one (1) bathroom units. The offering is situated on a 7405 sq. ft. lot and has a gross rentable square footage of 1525 sq. ft. This is a true value-add opportunity with rents 15-20% below market value and not to mention all utilities (including water) are paid for by the tenants which in-turn will noticeably increase your NOI. McFarland is about 25 minutes north of Bakersfield and is deeply rooted in the agriculture business which is the leading employer for the town. The enticing unit mix and rental upside, not to mention few landlord responsibility, is all the reason why these properties would be a good fit for your portfolio.
Exterior Features

Garages 0 Parking Carport Parking Spaces 0.00

Property Features

Annual Gross Income 17400.00 Annual Net Income 12880.00 Cap Rate 0.05 Disclosures None Of The Above Multifamily Type 2 Homes On 1 Lot Total Annual Expense 4520.00 Vacancy Factor 3.00

Listing courtesy of Esteban Contreras of Central Valley Property Advisors.


Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2022. 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 Central Valley Property Advisors 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: 2022-05-25T23:31:36.003.
 
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Louise Juracek | Open Door Real Estate
5351 Olive Drive, Suite 150
Bakersfield CA, 93308