"Flipper's Find: 3BR/1BA Home in Bakersfield R2 Zone – Ideal for a Swift and Profitable Makeover!"

Kern County, Bakersfield, CA, 93305
Sold
Listed at: January 8th, 2024
Price
$200,000
ARV
$310,000
Gross Margin
$110,000
Sq. Footage
1463
Type
Single-Family
Parking
Driveway
Year build
1910
Lot size
0.17 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

**🏠 For Sale:

1224 Lincoln St, Bakersfield, CA 93305 - Investors Alert! 🌟**

 

**💰 Price:** $210,000

**📈 ARV:** $310,000 - $315,000

**🛠️ Rehab Estimate:** $35,000

 

Photos Below

https://drive.google.com/drive/folders/12Zr-qnqaxDDBfnJuXqFZTj-6tWbJ0oZE?usp=drive_link

 

- **📍 Location:** Prime R2 Zoned Area

- **🏡 Property Type:** Single-Family Residence

- **📐 Size:** 1,463 sqft Home on a 7,510 sqft Lot

- **🛏️ Layout:** 3 Bedrooms, 1 Bathroom

- **🚀 Investment Potential:** Perfect for Fix-and-Flip or Rental

- **📝 Condition:** Sold 'As-Is'; No Repairs by Owners

- **☀️ Solar:** Sunnova Solar is a lease program estimated $205 monthly. 25-year lease estimated 20 years left on lease. The amount owed is $42,000 see attached document. New buyer must assume the solar.

- **💡 Utilities:** True-up avg. $600-$800 annually

 

- **🕑 Showings:** 24-Hour Notice Required. Please contact the disposition manager at

📞 Gary Frausto 661-900-4104

 

- **📑 Closing Details:** Delivered Vacant; Escrow with Ticor Title, Bakersfield, CA

 

- **🔍 Additional Notes:** 

 - 💵 Cash, Hard Money, or Private Money Sale Only. The buyer is to pay for all the seller's escrow fees. The EMD is $5,000 due upon assignment of the contract.

-📑 Closing Details: Delivered Vacant; Free and Clear Title Before Close of Escrow; Escrow with Ticor Title, Bakersfield, CA

 - 🚫 Owners won't remove exterior trash/belongings

 - 🏠 Personal items like beds, fridge, etc., will be removed

 - 🛒 Buyers assume property in the current state without cleaning

 - 🚪 Property vacated at close of escrow

 -

 

**📲 Contact:** Gary Frausto, Central Valley REI, Disposition Manager - (661) 900-4104

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Brandon Hardin

No reviews

Disposition manager