MLS# 202412146 - 404 Covey Avenue, Bakersfield, CA 93308
Courtesy of Robert E Murray, Miramar International-Riverwalk 14118
Status:
Active
Property Type:
3 Units
Year Built:
2024
Days On Website:
54
Property Details for 404 Covey Avenue, Bakersfield, CA 93308
Description
3 detached homes on one lot! Each home has its own dedicated parking next to the unit, enough for 2 large vehicles. All units occupiedm Paid for solar panels for each house means tenants get power credit and very low electric bills as solar is owned outright, NOT a lease or PPA. Total rent per month from the 3 occupied units is $4875. 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, 3174 total sf. Pro forma Cap Rate based on expense ration of 25% of annual rent 6.1 % at list price $699k
Open House
Features
Listing
- Listed on 2024-11-27 00: 00:00
Location
- City: Bakersfield
- ZIP code: 93308
- Area: 21
- County: Kern
Building
- Built in 2024
- 3 units
Parking
- 6 parking spaces
- Uncovered
Lot
- Lot measurement: SqFt
- Lot is 13,503 square feet
Miscellaneous
- Annual gross income: $58,500
- Annual net income: $43,436
- Total annual expense: $15,390
Property Map
Map View
$699,000 - 404 Covey Avenue, Bakersfield, CA 93308
Street View
Directions
404 Covey Avenue
Bakersfield, CA 93308
City: Bakersfield