$639,000

404 Covey Avenue , Bakersfield, CA 93308

 
Bedrooms:0 beds
Bathrooms:0 baths
Other:0 sqft
Lot:Unknown
Year Built:2024
Listing Status:Active

Listing Agent

Philip Jordan
http://www.kwbakersfield.com
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Other Information

404 Covey Avenue, Bakersfield, CA, 93308 is a other listing of 0 sqft on a lot of Unknown. This other listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property404 Covey Avenue, Bakersfield, CA
Copyright © 2025 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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