CASH generator! 4-UNIT - Multi Family Home - 3312
3312 Elda Ave, Bakersfield, CA. 93307 - 4-UNIT - Multi Family Home
$215,000 For Sale by Owner - CASH generator! - approximately $3,200.00 per month in rent
$3,200 x 12 mo = $38,400 per year / $215,000 = 17.8% Return on Investment
Price will continue to go up as the property is in the rehab process getting fixed up and placing tenants now. You can stop that process and purchase as a CASH Buying Investor or you can pay more later once completed. Don't have the CASH to Fix and Flip or Hold? No problem. We have a Rehab lender that can qualify you very quickly. Drive by and view the outside and text me a picture to show you have viewed it and the area. Once you provide proof of funds for an all CASH Purchase we will schedule a viewing of the inside. There will be no open house viewings for the general public as to not waste your time and our time with those that are not able or willing to provide proof of funds to purchase. Investors working with Investors understand this process.
Dan Ringwald 805-242-3004 - call or text me now - https://nhbig.com/3312 - for more information
Currently a Fix and Flip or Hold. Perfect for flipper or to fix and hold and receive rental income and future value. When fully rented should receive approximately $3,000.00 to $3,200.00 per month in rent. Needs work, but when finished value is there. We are working on this property now - improving it and moving ahead. This property will sell after repairs are completed and fully rented at market value.
There is a 4-bedroom/2-bath unit that is approximately 1,544 sq. ft. that will rent for approximately $1,100.00 to $1,200.00 per month; there is a 2-bedroom/1-bath that is approximately 889 sq. ft. that will rent for approximately $800.00 to $850.00 per month; the 1-bedroom/1-bath is rented now at $585.00 per month that is approximately 437 sq. ft.; the utility unit/1-bath and kitchen is approximately 302 sq. ft. that should rent for $600.00 per month.
The repair work is mainly cosmetic. Have already repaired HVAC units in 4-bedroom and 1-bedroom and scheduled repair work for the other units. Licensed plumber and electrician are scheduled to make sure everything is working properly. Licensed roofer is scheduled.