Report Listing

Home For Sale

Picture of Home For Sale in Bakersfield, California, United States

$729,000

404 Covey Ave
Bakersfield, California, United States

Listed By: Realtyww Info

Listed On: 09/12/2024

Listing ID: GL11203695 View More Details

Description

3 Brand New houses on one large lot! 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 outright, NOT a lease or PPA. One unit rented $1700 others rent for $1650+. 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 1040 sf per unit, 3120 total sf. Pro forma Cap Rate based on expense ration of 25% of annual rent 6.2 % at list price $729k

For more details:

Listed by: Robert E. Murray
Source: The World Property Journal

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