26
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$639,000
Est. payment /mo
Price Dropped by $20K
404 Covey Avenue Bakersfield, CA 93308
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Key Details
Property Type Multi-Family
Sub Type 3 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202502977
Year Built 2024
Property Sub-Type 3 Units
Property Description
Major price modification! 3 unit property newly built in Fall 2024, with LOW LOW expenses. NO RENT CONTROL !...as per state law exemption. Each unit is a detached dwelling with 3 bedrooms/1.5 bathrooms renting from $1550-1700, all on 1-year leases, with their own laundry room and dedicated parking for 2 cars next to their home. Solid tenants on leases. Tile roofs. PAID solar means tenants get power credit and very low electric bills. Tenants PAY WATER. Granite countertops, central island, and built-in MW, stove, DW in kitchen. Builder used DURABLE materials for LOW maintenance. Faux wood ceramic tile flooring throughout. IMAGINE having almost no repairs/maintenance calls for years to come. IMAGINE tenants that will never leave because they have a beautifully finished home with everything brand new, and have tiny electric bill and tiny water bill ($36/mth fixed rate!!) IMAGINE 6.5% cap rate on almost brand-new building: 404 Covey: best property in your portfolio. Each unit is 1058 SF.
Location
State CA
County Kern
Area 21
Exterior
Parking Features Uncovered
Parking On Site 6
Building
Story 1
Schools
Elementary Schools Beardsley
Middle Schools Beardsley
High Schools North
School District Beardsley
Listed by Phil M Jordan • Keller Williams Realty