1030 Jefferson St, Bakersfield, CA 93305

Here's 3 units, 3 bd 1 ba each. The 2 unit has newer central heating and A/C, both have newer roofs, tile and cherry wood flooring, carpet in the bedrooms, newer stucco, dual pane windows, corner lot, plenty of parking, separate meters. The units are about 10 years old, however the neighborhood is older than that. Each unit rents about $700-750. This contractor will do all of the work if you don't have one already and is only about $16,000 total in repairs. Contractor bid is attached. Invest $87,000 to receive $2,100/mo on rents... not bad huh? That's a 16% cap rate, close to what the bank is giving you on the money you've got in a CD... (Yeah Right!)