10723 Iron Creek Ave, Bakersfield, CA 93312

Seize the opportunity to own a promising property in Bakersfield, CA, with significant upside potential. Central Valley REI presents an exclusive contract ready to assign to a savvy investor. Act quickly to capitalize on this foreclosure opportunity with a looming deadline.

• Sales Price: $376,000
• Estimated Rehab Costs: $35,000 - $40,000
• After Repair Value: $515,000
• Condition: The HVAC system is fully operational. However, the property requires a cosmetic overhaul to meet modern aesthetic standards.
• Foreclosure Status: This is a foreclosure property. The transaction must close by 02/23/2024 to prevent foreclosure proceedings.
• Transaction Details: Central Valley REI has a direct contract with the seller. The end buyer will be responsible for all escrow and title fees, including those typically borne by the buyer.
• Payment Requirements: Due to the urgent nature of the sale, transactions must be conducted in cash, or the end buyer may pay off the past due amount to halt foreclosure. Financing options include private or hard money lending.
• Proof of Funds: Prospective buyers must provide proof of funds to schedule a showing.

This property represents an excellent investment for those looking to flip or rent out a property in the Bakersfield area. With its potential for a high return on investment post-rehab, it's an opportunity not to be missed. Given the urgency to prevent foreclosure, we encourage interested parties to act swiftly.

Don't let this chance slip through your fingers. Contact Central Valley REI today to schedule a showing and take the first step toward adding this valuable asset to your portfolio.