Cash Flowing Duplex in Bakersfield, CA - $79k - High Cap Rate!
Two homes on one lot located in a healthy low-vacancy market (Bakersfield) just 2 hours North of Los Angeles. Only asking $79k! The property consists of two small one bedroom one bathroom homes on one lot located in a C class neighborhood in a strong rental market. Both homes have their own separate fenced areas and yards. Front of the lot provides ample parking pace for the tenants. Currently fully rented at a total of $950 a month ($475 each unit), making this property have a very high cap rate for the area.
Property is in good condition and there are no known major issues. Tenants are happy and prefer to stay (both are month-to-month). $79k cash or hard money only. Property will be sold "as is" subject to any liens and seller will not make any repairs or upgrades to the property. Some comparable properties in the area have recently sold for $90k-$100k.
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