MLS# 202409557 - 131 Dr Martin Luther King Jr Boulevard, Bakersfield, CA 93307

$710,000
Sqft: 4,400
Sqft lot: 16,117
Acre lot: 0.37
Est. $2,614 / mo.*
66 Days On Market

Courtesy of Rylan D Rozell, Lockhart Real Estate Advisors 152516442

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Status: Active
Property Type: 4 Units
Year Built: 1983
Days On Website: 66

Property Details for 131 Dr Martin Luther King Jr Boulevard, Bakersfield, CA 93307

Investment Opportunity! This gated 4-unit complex offers steady cash flow with two fully-occupied duplexes. Each unit provides 3 bedrooms and 1.5 baths, featuring functional amenities like central AC/heat and in-unit laundry hookups. The property includes fenced front yards for added privacy and 8 uncovered parking spaces (2 for each unit) with a cinder block perimeter wall. Currently rented and cash-flow positive, this complex presents a straightforward entry into multifamily real estate. Ideal for investors looking to expand their portfolio with a no-frills, income-generating property.

Listing

  • Listed on 2024-09-18 00: 00:00

Location

  • City: Bakersfield
  • ZIP code: 93307
  • Area: 41
  • County: Kern

Building

  • Built in 1983
  • 4,400 square feet
  • 4 units

Parking

  • 7 parking spaces
  • Uncovered

Lot

  • Lot measurement: SqFt
  • Lot is 16,117 square feet

Miscellaneous

  • Annual gross income: $60,024
  • Annual net income: $38,880
  • Total annual expense: $21,144

Map View

$710,000 - 131 Dr Martin Luther King Jr Boulevard, Bakersfield, CA 93307

Street View

Directions

131 Dr Martin Luther King Jr Boulevard
Bakersfield, CA 93307
City: Bakersfield