404 Covey Avenue
Bakersfield, CA 93308

$659,000

Number of Units: 3
Type: Multi-Unit Residential
Listing #202502977
Price adjusted! 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 6.1% cap rate on almost brand-new building: 404 Covey Ave will be the best property in your portfolio.
Property Features
Location Information
County: Kern
MLS Area: 21
Interior Features
Total Number of Units: 3
Exterior Features
Garage Spaces: 0
Lot Size in Sq. Ft.: 13,503
Additional Information
Property Type: RI
Property SubType: 3 Units
Property SubType 2: Residential Income
Year Built: 2024
Status: Active


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Listing Courtesy of Philip Jordan Keller Williams Realty
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Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2025.
Golden Empire MLS data last updated at April 29, 2025, 7:47 PM PT