904 Karma Court

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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
Units4
Unit Mix2 Bed / 1 Bath
Net Operating Income$18,033.00
Cap Rate6.22%
Gross Rent Multiplier9.29
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

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