305 North Street ST Active Save Request In-Person Tour Request Virtual Tour
Taft,CA 93268
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-24896
HOA Y/N No
Year Built 1922
Lot Size 4,791 Sqft
Property Description
This powerful income asset consists of four units housed in two detached structures, maximizing privacy and income flexibility with convenient rear alley access.The Front Structure is a stable, income-producing 2-Bedroom/2-Bathroom house. The Rear Structure contains a vacant 2-Bedroom/1-Bathroom unit upstairs, offering the new owner immediate control for renovation and leasing. Two occupied Studios are located downstairs.The property is primed for maximum cash flow. The two back units have paid-off solar panels, which significantly reduce long-term utility expenses. The property includes a dedicated laundry room that could be utilized for additional income. The attached garage is vacant and offers prime ADU conversion potential, making this an incredible income-generating property.The local market is stabilized by the nearby oil and energy industries and Taft College, ensuring consistent demand. The location provides easy access to downtown amenities, restaurants, and grocery stores.This property offers immediate cash flow stability and high upside potential with a current CAP rate of 8.02%.
Location
State CA
County Kern
Area Taft - Taft
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Garage Spaces 1.0
Garage Description 1.0
Fence Partial
Pool None
Community Features Suburban
View Y/N No
View None
Total Parking Spaces 1
Private Pool No
Building
Story Two
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 03103009002
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard