460 Oswell StBakersfield, CA 93307

Description

Oswell Townhouses presents an exceptional investment opportunity with a newer 2010 built property combining modern living with significant growth potential. This turnkey property comprises 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. It is rare to find a newer construction property with 3 bedroom townhouse style units. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. Furthermore, the property includes nearly an acre of land with the potential to develop an additional 19 townhouse units, dramatically increasing rental income possibilities. Currently yielding $228,200 in annual gross income with room for growth, Oswell Townhouses stands out as a prime investment for those looking to expand their portfolio with a property that offers both immediate returns and future expansion potential. Offered at a total purchase price of $2,700,000, the asset is comprised of an 11-unit, townhouse-style apartment complex valued at $2,350,000, together with ±0.93 acres of adjacent vacant land valued at $400,000, or approximately $9.87 per square foot.

Property Information

Property type

Residential Income

Sub-type

Mixed Use

Year built

2010

Stories

2

Building area

14,564 Sq Ft

Lot size

1.53 acres

Parking spaces

20

Days on market

91

MLS^® Listing#

IV26162066

Property Features

Cooling

Central Air

Heating

Central

Flooring

Carpet · Tile

Pool

None

Parking

Assigned · Carport

Laundry

Electric Dryer Hookup · Gas Dryer Hookup

Security

Carbon Monoxide Detector(s) · Smoke Detector(s)

Community

Street Lights

Utilities

Electricity Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Parcel number

14218009005

Directions

North of 58 Hwy, near wal mart