1222 Jeffrey St, Bakersfield, CA 93305

This listing features a newly constructed Duplex and detached ADU built in 2024, totaling three units. The Duplex consists of two bedrooms and one bathroom with in-unit laundry in each unit, renting for $1,450.00 per unit. The ADU offers three bedrooms, two bathrooms, and indoor laundry, renting for $1,600.00. Combined, the total monthly rent is $4,500. These properties are designed with investors in mind, featuring wood faux tile floors throughout all units and low-maintenance landscaping. The properties require zero deferred maintenance for at least fifteen years. The CAP rate is approximately 8%, potentially higher if self-managed due to the hassle-free maintenance. The seller offers a two-year home warranty and a ten-year structural warranty. Each unit has owned solar panels and separate meters. Bakersfield, located 90 minutes from LA, offers housing costs at a fraction of the price. The area shows significant growth potential for real estate investments in Southern/Central CA. Construction is expected to be completed by April 15, 2024, with PG&E connection set for May 15, 2024. For more information, call (661) 282-0217.