Heritage Real Estate & Management is pleased to present for sale 2207 River Blvd, a five-unit multifamily property located in northeast Bakersfield, Kern County, California. The property is offered at $615,000, representing a 9.3 multiple of stabilized gross potential rent. Seller carryback financing is available to a qualified buyer with 30% down, with the balance of terms subject to negotiation. The property comprises four (4) one (1)-bedroom, one (1)-bathroom units and a three (3)-bedroom, two (2)-bathroom residence situated at the rear of the parcel. The improvements total approximately 3,144 rentable square feet on an approximately 0.20-acre site. Site improvements include gated off-street parking, washer and gas-dryer hookups, and public water and sewer service. Stabilized gross potential rent is $66,000 annually, reflecting $1,000 per one-bedroom unit and $1,500 for the rear residence. Stabilized net operating income is $41,137, representing a 6.69% capitalization rate at the offering price. The pro forma reflects a 5.0% vacancy and credit loss allowance, real estate taxes of $11,513 reassessed at the purchase price, insurance, utilities and pest control per the owner's operating statements, and management and repairs and maintenance normalized at 5.0% of effective gross income each. In-place rents are at market for the submarket. Value creation is available through operational stabilization. Two of the five units are currently vacant, allowing a purchaser to establish rents at market. Prospective purchasers are asked not to disturb residents or enter the property. Exclusively listed by Sanjeev "Sunny" Advani, Broker, CPM, MBA. Heritage Real Estate & Management. CA DRE #01869863, Firm DRE #02376805. (661) 770-7382. sunny@goheritagerealty.com.