$119,900
Est. $793/mo · 20% down · 6.5% · 30yr
516 Water Street, Bakersfield, CA, 93305
MLS# 202606900






About this home
Investment Opportunity, Only $119,900!Don't miss this affordable investment property with long-term tenants already in place, providing immediate rental income. The current tenants (with an excellent payment history) have occupied the home since September 2020, making this an excellent opportunity for investors seeking steady cash flow. Situated on an R-2 zoned lot, this property offers exciting future potential. The home features 3 rooms (one with a closet), a living room, 1 full bathroom, washer and dryer hookups, a carport, and RV parking. While the home does need repairs, it has been an excellent value with upside potential, conveniently located near shopping centers, schools, churches, and other everyday amenities. Whether you're looking to expand your investment portfolio or capitalize on the property's feature development potential, this is an opportunity you don't want to miss!
Property Details
$119,900
Price
1 bd
Bedrooms
1 ba
Bathrooms
640 sqft
Living Area
6,969 sqft
Lot Size
1942
Year Built
0 car
Garage
Single Family Residence
Type
1 days
Days Listed
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$1,007
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Neighborhood Snapshot
Bakersfield · 93305
Market Stats
Active Listings
169
ZIP 93305
Median List Price
$345K
ZIP 93305
Avg Days on Market
98
Bakersfield avg
Sale / List Price
97.8%
avg ratio
Location
516 Water Street, Bakersfield, CA, 93305
Listed by: Belen Gonzalez, Kathy Kotsiomitis Realty
MLS#: 202606900
Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer
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