Klamath Fourplex

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**With rent adjusted to market rate, property CAP rate grows to 5.05%–SEE SALES FLYER FOR PROFORMA FINANCIALS.**

A great opportunity to invest in one of Bakersfield’s most popular rental neighborhoods! This Laurelglen fourplex is a tenant’s dream: rent upside, conveniently located, well maintained and spacious. Featuring an attractive mix of two and three bedroom units, attached garages and a manicured courtyard, this bread and butter apartment is a great addition to any investment portfolio. A five-minute walk brings you to the tree-lined Corvallis Park, filled with playgrounds and picnic tables. A short five-minute drive brings you to the food, shopping, and entertainment on either end of Ashe Road.

Price:$515,000
Units4
Unit Mix(3) 2-Bed, 2-Bath Units & (1) 3-Bed, 2-Bath Units
Net Operating Income21,975
Cap Rate4.27%
Gross Rent Multiplier13.73
Address:6804 Klamath Way #D
City:Bakersfield
County:Kern
State:CA
Zip Code:93309
Year Built:1983
Floors:1
Square Feet:4480

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