$699,000
404 Covey Avenue Bakersfield, CA 93308
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$699,000
Est. payment /mo
Price Dropped by $30K
404 Covey Avenue Bakersfield, CA 93308
UPDATED:
11/04/2024 03:58 PM
Key Details
Property Type Multi-Family
Sub Type 3 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202409277
Year Built 2024
Property Description
3 detached homes on one lot! Each home has its own dedicated parking next to the unit, enough for 2 large vehicles. 1 unit is occupied with applicants pending on vacant units. Paid for solar panels for each house means tenants get power credit and close to zero electric bills as solar is owned outright, NOT a lease or PPA. 2 Units rented as of Nov 1, 2024 One unit rented $1700 other rented for $1650, one pending at $1575. Faux wood ceramic tile flooring throughout, Durable construction materials all tile roofing. All units have built in dishwashers, stove/oven, microwave. Square footage living area approx 1058 sf per unit, 3120 total sf. Pro forma Cap Rate based on expense ration of 25% of annual rent 6.24 % at list price $699k
Location
State CA
County Kern
Area 21
Exterior
Garage Uncovered
Parking On Site 6
Building
Story 1
Schools
Elementary Schools Beardsley
Middle Schools Beardsley
High Schools North
School District Beardsley
Listed by Robert E Murray • Miramar International-Riverwal
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