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404 Covey Avenue, Bakersfield, CA 93308

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For Sale

$699,000

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • New Construction
    Age

Explore this Property

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 outright, 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
MLS# 202409277

Courtesy Of Miramar International

(661) 282-8980

Property Features

  • Age
    New Construction
  • Amenities
    Dock

Map and Directions

Directions to 404 Covey Avenue, Bakersfield, CA 93308

Home seller CENTURY 21 Yarrow & Associates Realtors

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Yarrow & Associates Realtors

(661) 942-3703
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2024 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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