$119,900

$119,900

Est. $793/mo · 20% down · 6.5% · 30yr

516 Water Street, Bakersfield, CA, 93305

MLS# 202606900

Active
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1 / 10
1beds
1baths
640sqft
6,969lot sqft
1942built
1 days on market

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

✓ Active ListingBakersfield, CA 93305

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Loan Type

Loan Term

$119,900
%
3%50%
$5,995 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$1,007

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$720
Property Taxes / mo$125
Home Insurance / mo$120
PMI (Mortgage Insurance)$42
Total Est. Payment$1,007
LTV95.0% · MI Required
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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

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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