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Description

3312 Elda Ave, Bakersfield, CA. 93307 – 4-UNIT – Multi Family Home

Dan Ringwald 805-242-3004 – call or text me now

Lease-To-Own – $3,200 per month – $10,000 Lease-To-Own Fee

For Sale by Owner – $215,000 Cash Only – we can direct you to a Rehab Lender

CASH generator! – $3,200.00 per month in rent

$3,200 x 12 mo = $38,400 per year / $215,000 = 17.8% Return on Investment

Sales Price will continue to go up as the property is in the rehab process getting fixed up and placing Lease-To-Own Tenants now. You can stop the Rehab 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.

Lease-To-Own Tenants – Follow Steps and Requirements on our ABOUT page to view the inside. You can start by texting a copy of your Driver’s License.

Buyers – Proof of Funds – Needed to view the inside – 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.

Currently a Fix and Flip or Hold or Lease-To-Own. Perfect for flipper or to fix and hold and receive rental income and future value, living in it or just renting it all out. When fully rented should receive $3,200.00 per month in rent. Needs work, but when finished value is there. Surrounding area is being built up so this are will most likely be built up too over the next 5 years. 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.

$1,050.00 – Rent per month – 3-bedroom/2-bath approximately ??? sq. ft.
$950.00 – Rent per month – 3-bedroom/1-bath approximately ??? sq. ft.
$650.00 – Rent per month – 1-bedroom/1-bath approximately 437 sq. ft.
$550.00 – Rent per month – 1-bath and kitchen is approximately 302 sq. ft.

The repair work is mainly cosmetic. Have already repaired HVAC units in 3-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.

  • Address: 3312 Elda Ave, Bakersfield, CA 93307, USA
  • City: Bakersfield
  • State/county: California
  • Zip/Postal Code: 93307
  • Country: United States

Detail

Updated on September 17, 2018 at 12:51 pm

  • Property ID: 3312 BK
  • Price: $215,000
  • Property Size: 3224 sqft
  • Bedrooms: 8
  • Bathrooms: 5
  • Property Type: Multi Family Home
  • Property Status: For Sale

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