Wow! What a great new offering on the market! The property consists of two duplex buildings that have received some refurbishing in recent few weeks. The units should be fully occupied by end of month with very stable tenants. 3 have scheduled rents of $550,550,525. The 4th unit has long-term tenant at $500, that can be raised. The 8 GRM is an excellent multiplier for a property with stable tenants and already refurbished condition. Won't last long!The property is located in East Bakersfield a few blocks East of Mt. Vernon in a pleasant peaceful blue collar working area. Many residents in the area have lived here all their lives. All shopping, schools, and employment centers are very close by.
2501 Lake St in 93306 was last listed for $192,500. As of today, , this is 26% below the current median price of $258,950 for the city of Bakersfield, CA and 18% below the median of $235,000 for ZIP code 93306. Right now, there are 239 properties for sale in 93306 and 1,624 properties listed for sale in Bakersfield. Those 1,624 properties are made up of 1,616 single family homes and 8 condos. The square footage of 2501 Lake St is approximately 1,728, which is 7% below the median size of 1,853 square feet in Bakersfield and 6% below the median size of 1,833 Sqft in ZIP code 93306. This property's price per Sqft was $111, which is 10% below the current $124 median in 93306 and 16% below the $132 Bakersfield median.
Built in 1948, this single family house at 2501 Lake St, Bakersfield CA, 93306 is approximately 1,728 square feet and comes with 4 parking spots. It was last listed with a cost per Sqft of $111. 2501 Lake St is located in the Bakersfield City. The closest school is Horace Mann Elementary School.
2501 Lake St, Bakersfield CA, 93306 was on the market for 61 days. The median days on the market for properties in this area is 44 with a median list price of $258,950 and median cost per square foot of $132. Its current status is sold under the MLS #21703111.