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 Continue reading