$1,199,000
Sqft:
0
Sqft lot:
28,313
Acre lot:
0.65
96 Days On Market -
Courtesy of Laurie F McCarty, Coldwell Banker Preferred, REALTORS® 4273
Status:
Active
Property Type:
5 - 10 Units
Year Built:
1964
Days On Website:
96
Description
Invest in your future with this lucrative opportunity! Priced competitively at $119,900 per unit, this property boasts over $240,000 in recent upgrades, ensuring optimal returns. With the surge in remote work, tenants prioritize lifestyle over commuting. Embrace this trend with breathtaking mountain views, lake proximity, and recreational amenities like hiking, boating, and fishing. This meticulously maintained 10-unit complex offers a promising investment with room for rent increases and appreciation. 6 units have been extensively renovated, fetching rents upwards of $1,100 for 2-bedroom units. The property comprises four duplexes (each 2 bd/1 ba, approx. 826 sf), one 1 bd/1 ba unit (approx. 520 sf), and a 3 bd/1 bath house (approx. 1528 sf). Outdoor amenities include BBQ facilities, landscaped grounds, and seating areas. With positive cash flow, strong cap rate, and attractive GRM, seize this rare chance for financial growth! Don't miss out on this exceptional investment opportunity!
Features
Listing
- Listed on 2024-02-13 00: 00:00
Location
- City: Lake Isabella
- ZIP code: 93240
- Area: 82
- County: Kern
Building
- Built in 1964
- 10 units
Parking
- 8 parking spaces
- Carport
Lot
- Lot measurement: SqFt
- Lot is 28,313 square feet
Miscellaneous
- Annual gross income: $109,380
- Annual net income: $44,911
- Total annual expense: $64,469
Property Map
Map View
$1,199,000 - 2924 Claire Street, Lake Isabella, CA 93240
Street View
Directions
2924 Claire Street
Lake Isabella, CA 93240
City: Lake Isabella