Very good income property, conveniently located near to parks,church, stores and access to the 178 FWY. There is a duplex with one bedroom and one bath each at front, generating $525.00 and $475.00 of rent every month, with it's own water meter. As per seller the water bill for the front duplex is approx. $35.00 per month. The back and separate single residence with alley access also is one bedroom and one bath with it's own front yard and it has two car garage converted into a storage with out any permits.The back house is rented for $525.00 per month. this back unit, also has it's own water meter. Also as per seller the tenant pay the water bill for the back house approx. $25.00 per month.It is a very good opportunity for your investor.
Price estimate is $205,216 based on the following nearby homes which
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521 Grace St in 93305 was last listed for $142,000. As of today, , this is 44% below the current median price of $255,000 for the city of Bakersfield, CA and 16% below the median of $169,900 for ZIP code 93305. Right now, there are 95 properties for sale in 93305 and 1,625 properties listed for sale in Bakersfield. Those 1,625 properties are made up of 1,616 single family homes and 9 condos. The square footage of 521 Grace St is approximately 1,696, which is 7% below the median size of 1,829 Sqft in Bakersfield and 12% above the median size of 1,514 square feet in ZIP code 93305. This property's price per Sqft was $84, which is 20% below the current $105 median in 93305 and 36% below the $132 Bakersfield median.
Built in 1930, this single family house at 521 Grace St, Bakersfield CA, 93305 is approximately 1,696 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $84. 521 Grace St is located in the Bakersfield City. The closest school is Jefferson Elementary School.
521 Grace St, Bakersfield CA, 93305 was on the market for 175 days. The median days on the market for properties in this area is 45 with a median list price of $255,000 and median cost per square foot of $132. Its current status is sold under the MLS #21608558.