$1.05M
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$1.05M

Est. $6,950/mo · 20% down · 6.5% · 30yr

1607 Palm Drive, Bakersfield, CA, 93305

MLS# 202602500

Active
1607 Palm Drive — photo 1
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5,917sqft
15,245lot sqft
1950built
65 days on market

About this home

One of the most updated, top-tier managed 10-unit buildings coming on the market in some time, priced at a G.R.M. of 7.8! The East Bakersfield offering consists of two 2-bedroom units, and eight 1-bedroom units, fully occupied, modern dual-pane windows, updated exterior paint, beautiful grounds. Owner takes pride in providing a quality living experience for their tenants that has led to happy long-term residents. The 2-bedroom units rent in the $1291-1522 range, and the 1-bedroom units rent in the $744-1194 range. The cap rate is 7.7%.

Property Details

💰

$1.05M

Price

🛏

0 bd

Bedrooms

📐

5,917 sqft

Living Area

🌿

15,245 sqft

Lot Size

🏗️

1950

Year Built

🏠

5 - 10 Units

Type

📅

65 days

Days Listed

✓ Active ListingBakersfield, CA 93305

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Loan Type

Loan Term

$1,050,000
%
3%50%
$52,500 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$7,884

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$6,305
Property Taxes / mo$1,094
Home Insurance / mo$120
PMI (Mortgage Insurance)$366
Total Est. Payment$7,884
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93305

Market Stats

Active Listings

168

ZIP 93305

Median List Price

$345K

ZIP 93305

Avg Days on Market

98

Bakersfield avg

Sale / List Price

97.8%

avg ratio

Location

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1607 Palm Drive, Bakersfield, CA, 93305

Listed by: Phil M Jordan, Keller Williams Realty

MLS#: 202602500

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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