1514 Mt. Vernon Ave.

1514 Mt. Vernon Ave. Bakersfield, CA 93306

1514 Mt. Vernon Ave., Bakersfield, CA, 93306
1514 Mt. Vernon Ave., Bakersfield, CA, 93306
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$179,950
Last Verified:
Apr 12, 2019

Highlights

  • -Priced to sell
  • -Triplex, all units 2 bed/1 bath
  • -Tenant paid gas and electric utilities
  • -AC/Heating Dual Pak units

Description

Triplex Fixer Upper opportunity in East Bakersfield! Seller's loss is buyer's gain. Priced to sell: seller is looking for cash, private money financing, and quick sale. All units are 2bed/1bath and have central air and heat. UNIT A is under eviction: LOCKOUT DATE scheduled for APX April 27 it looks in "ok" shape. They should be out by COE! UNIT B pays $650 and is a 3-yr tenant. This unit is in poor condition. UNIT C is vacant and needs some rehab, but after a "trash-out", really not that bad of shape. After rehab, these units should rent for $750 range. Tenants pay their own gas and electric bills.

Located near Kern Medical Center and East Bakersfield High School


Year Built: 1970
Building Size: 2146.0sq ft
Lot Size: 0.09 acres

Map of 1514 Mt. Vernon Ave., Bakersfield, CA, 93306

Presented by:
Thumb_default

Request additional information
Icon_4b795cc967


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.