404 Covey Avenue, Bakersfield, CA 93308

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$674,900

bedrooms

bathrooms

square feet

Acreage

Open Houses

year built

2024

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Kern
Elementary School	-
Middle School	-
High School	-

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MLS number: 202502977

Listing agent: Philip Jordan

Listing broker: Keller Williams Realty Bakersfield (661) 617-6500

Copyright © 2025 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. [source]

Last update: Thursday, March 27 2025 at 10:40 p.m. EDT

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