305 Warren St Taft, CA 93268

This exceptional investment opportunity presents a stabilized, six-unit multifamily property located at 305 Warren St, Taft, CA 93268, in Kern County. The property boasts a total of 3,258 square feet situated on a 12,632 square foot lot, zoned R3. Each of the six individual buildings comprises a single-story, two-bedroom, one-bathroom unit, featuring individually fenced yards and its own HVAC system. Currently operating at 100% occupancy (as of August 20, 2024), this portfolio generates a substantial net operating income (NOI) of $53,280, representing a 7.35% cap rate. The asking price is $725,000, translating to $222.53 per square foot and $120,833.33 per unit. Tenants are responsible for their own utilities. The property benefits from professional management and includes some long-term tenants. An attractive feature is the availability of an assumable loan with a 6% interest rate and a monthly payment of $2,338. Offers are subject to interior inspection. This turnkey property is ideal for both seasoned investors and those new to real estate, offering immediate passive income potential.