904 Karma Court
This bread and butter fourplex apartment are located in South Bakersfield–a high demand rental area. Built in 1974, this two-story complex offers four 2-bedroom, 1-bathroom units with carports and uncovered parking. With rent ranging from $595 to $725, rent upsides are a possibility. Additional income generated from the onsite laundry facility. The building went through significant renovations in 2016 and 2017 that included installation of a new roof, fresh exterior paint, and remodeling of three units.
| Price: | $289,999 |
| Units | 4 |
| Unit Mix | 2 Bed / 1 Bath |
| Net Operating Income | $18,033.00 |
| Cap Rate | 6.22% |
| Gross Rent Multiplier | 9.29 |
| Address: | 904 Karma Court |
| City: | Bakersfield |
| County: | Kern |
| State: | California |
| Zip Code: | 93307 |
| Year Built: | 1974 |
| Floors: | 2 |
| Bedrooms: | 2 Bedroom |
| Bathrooms: | 1 Bathroom |
| Garage: | Carports |
| Laundry: | Onsite Laundry Facility |
