Klamath Fourplex
**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 |
| Units | 4 |
| Unit Mix | (3) 2-Bed, 2-Bath Units & (1) 3-Bed, 2-Bath Units |
| Net Operating Income | 21,975 |
| Cap Rate | 4.27% |
| Gross Rent Multiplier | 13.73 |
| Address: | 6804 Klamath Way #D |
| City: | Bakersfield |
| County: | Kern |
| State: | CA |
| Zip Code: | 93309 |
| Year Built: | 1983 |
| Floors: | 1 |
| Square Feet: | 4480 |
