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Parkwood Dr 
4308 Parkwood Drive
 Bakersfield, CA 93309
County: Kern
 
Mary Sawyer, CCIM
(661) 282-9041
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  For Sale Active  
Type:Multifamily
Duplex/Triplex/Fourplex
No. Units:4
Building Size:4,891 SF
Occupancy:100.00%
Price:$450,000
Price/Unit:$112,500
GRM:11.23
Cap Rate:6.88%
Year Built:1978
Date Last Verified:8/27/2008
Property ID:15127996
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 Attachments 
Proforma APOD 71 KB
 
 Additional Information 

Property Description:
Great investment, 100% occupied, most interiors have been remodeled, newer roof, good condition.

Location Description:
SW Bakersfield

No. Stories:2Commission Split:3%
TaxID/APN:164-291-10
 Highlights 
•All units have fireplace and two car garages•Great rental location
 
•Good condition  
  Financial Summary Proforma  
Year:2008
Scheduled Gross Income:$40,080
Effective Gross Income:$38,076
Operating Expenses:$7,096
Net Operating Income:$30,980
Pre-Tax Cash Flow:$5,381
 
  Unit Mix Information
3bd/2ba 2 car garage + fireplace
No. Units: 1
Avg. Mo. Rent: $995
 
2bd/1ba 2 car garage + fireplace
No. Units: 1
Avg. Mo. Rent: $795
 
2bd/1ba 2 car garage + fireplace
No. Units: 1
Avg. Mo. Rent: $775
 
2 bd/1ba 2 car garage + fireplace
No. Units: 1
Avg. Mo. Rent: $675
 
 
  Debt & Equity Information
Debt Type:Proposed
Loan Amount:$337,500
Interest Rate:6.50%
Amortized Over:30
Due In:30
Annual Debt Service:$25,599
Down Payment:$112,500
 
Loan Description:
New fixed 75% LTV 30 yr amt. Call Olga Verde, Portfolio Funding 661-328-9040. Also avail owner occ fha zero down with grant for closing costs on fourplexes up to $700,000

5/8/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 
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