19
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$640,000
Est. payment /mo
6,294 Sqft Lot
New
1102 Gage ST Bakersfield, CA 93305
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID MD25154979
HOA Y/N No
Year Built 1988
Lot Size 6,294 Sqft
Property Sub-Type Quadruplex
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 Bksf - Bakersfield
Zoning R-4
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Pool None
Community Features Street Lights, Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01535012005
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Eric Van Denk Central Valley Property Advisors 419-206-7117