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. 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 outr...ight, 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 Continue reading