2801 Morin Court,Bakersfield, CA 93304
Bakersfield, CA 93304
Description
INVESTMENT OPPORTUNITY: Well-maintained 4-plex in Southwest Bakersfield's desirable Wible Orchard neighborhood. Built in 1985, this 2-story quadruplex sits on a quiet cul-de-sac with an 8,079 sq ft lot. Three units are currently occupied with established tenants. One fully furnished unit has been successfully used as a seasonal rental. You have the option to rent it out or make it an owner-occupied unit. This flexibility makes it attractive for short-term workers, corporate housing, or long-term tenants. Please note: Furniture is not included in the sale of the property, but it can be negotiated. All units are currently occupied. Location Advantages: Located in a growing neighborhood just south of downtown Bakersfield, with three shopping centers within 0.8 miles, diverse dining options on New Stine Road and California Avenue, nearby parks, and proximity to Cal State Bakersfield and Bakersfield College. Gross Scheduled Income (GSI) $58,920 Less: Projected Vacancy / Credit Loss (5%) ($2,946) Gross Operating Income (GOI) $55,974 Property Taxes $9,304 Water (estimated $200/month) $2,400 Utilities $1,107 Trash $173 Pest Control $600 Landscaping $830 Insurance $2,145 Internet / Wi-Fi $211 Estimated Routine Maintenance $3,000 Total Operating Expenses $19,770 PROJECTED NET OPERATING INCOME $36,204 Asking Price $695,000 PROJECTED CAPITALIZATION RATE 5.21%
Details
| MLS # | AR26187823 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 53 |
| Listing Provided By | eXp Realty of California Inc | Rockie Mitchell |
Features
| SQ Feet | 3,410 |
|---|---|
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.19 |
Interior
| Window Features | Screens |
|---|---|
| Appliances | Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Lighting |
|---|---|
| Foundation Details | Slab |
| Lot Features | Two To Five Units Acre |
Parking
| Parking Features | Detached Carport, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Curbs, Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93304 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93304) | |
Price: $695,000 low | high Med: $334,945 sqft: 3,410 low | high Med: 1,221 $ / sqft: $204 low | high Med: $275 On site: 53 low | high Med: 8.5 | |
Market Activity 93304
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Learn More About This Property
| State | CA |
|---|---|
| County | Kern |
| City | Bakersfield |
| Zip Code | 93304 |
| Area | BKSF Bakersfield |
| Listing VS Median (in 93304) | |
Price: $695,000 low | high Med: $334,945 sqft: 3,410 low | high Med: 1,221 $ / sqft: $204 low | high Med: $275 On site: 53 low | high Med: 8.5 | |
