606 Linden Court, Tehachapi, CA 93561

$389,000 Approx. USD 0 beds, 0 baths
4,400 sqft

Agent Remarks

Cash Cow! Fantastic Income Producing Property! Assumable loan with $225,000 balance 5.67% fixed for next 8 year. No appraisal need if assuming the loan. Call for details. This is a 10 unit building with 10 detached garages. Each unit is a one bedroom one bath with living room and kitchen.The laundry room on the premises also produces income. Each unit come with a single car garage and all tenant utilities are paid for by owner. If new owner would like to do ratio billing for the unit substantially more income could be made. The 2015 CAP was 7.69 do to improper management, that problem has been fixed current cap rate 9.74%. Rents have been raised and unit still rent fast. One of the best returns in Los Angeles or Kern. This property is priced to sell and will not last long. Currently under new management.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# SR16082032
List price is $389,000 Reduced by $10,000 on 10/13/2016
Beds: 0
Baths: 0
Built in 1964
4,400 sqft
1 Story stories
0.45 acres
County: Kern
Parking type: Assigned,Garage
Parking description: Driveway - Concrete
Lot description: Sidewalks
Heating description: Floor Furnace
MLS area: Tehachapi (THP)

Last Updated: 11/1/2016

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This listing belongs to the Tehachapi (THP) MLS area

Lat/Long: 35.123295, -118.459023.
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Broker: Courtesy of Sterling Oaks Real Estate Inc.
Listing Agent: Scott Reiber

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