$699,000
Sqft: 0
Sqft lot: 13,503
Acre lot: 0.31
54 Days On Market

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

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

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

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$699,000 - 404 Covey Avenue, Bakersfield, CA 93308

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404 Covey Avenue
Bakersfield, CA 93308
City: Bakersfield