Oswell Townhouses presents an exceptional investment opportunity, combining modern living with significant growth potential. This turnkey property comprises of the first phase of the 30 unit complex completed. This 1st phase consists of 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. What sets Oswell Townhouses apart is its strategic position in a market not subject to rent control in 2024, providing a rare chance for investors to capitalize on this advantage with rent increases due in June. 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 $191, 000 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.
Property Features
Bedrooms
Appliances
- Laundry Features: Electric Dryer Hookup, Washer Hookup
Heating and Cooling
- Cooling Features: Central Air
- Heating Features: Central
- Heating: Yes
Bathrooms
Interior Features
Land Info
- Lot Description: Level with Street, Lot Over 40000 Sqft
- Lot Size Acres: 1.53
- Lot Size Source: Public Records
- Lot Size Square Feet: 66647
Exterior and Lot Features
- Road Frontage Type: City Street
- Road Surface Type: Paved
Garage and Parking
- Parking Features: Parking YN: Yes, Parking Features: Assigned
- Parking Total: 22
Multi-Unit Info
- Number of Units: 11
- Bedrooms in Unit-1: 3
- Total Bathrooms in Unit-1: 2
Homeowners Association
- Gardener Expense: 2295.00
- Maintenance Expense: 7776.00
Rental Info
- Number of Units Leased: 10
- Tenant Pays: Electricity, Gas
- Vacancy Allowance: 5742
Amenities and Community Features
- Community Features: Suburban
Other Property Info
- Source Listing Status: Active
- County: Kern
- Source Property Type: Residential Income
- Green Water Conservation: Water-Smart Landscaping
- Insurance Expense: 6720.00
- Area: BKSF - Bakersfield
- Source Neighborhood: BKSF - Bakersfield
- Number of Separate Electric Meters: 11
- Number of Separate Gas Meters: 11
- Parcel Number: 14218009005
- Zoning: R-3
- Source System Name: C2C
Commercial Info
- Net Operating Income: 130456.00
Building and Construction
- Total Square Feet Living: 14564
- Year Built: 2010
- Building Features: 4
- Common Walls: 1 Common Wall, No One Above, No One Below
- Entry Level: 1
- Entry Location: Street
- Property Age: 14
- Property Attached: Yes
- Property Condition: Turnkey
- Roof: Tile
- Levels or Stories: Two
- Building Total Stories: 2
- Structure Type: Commercial/Residential
- House Style: Custom Built
- Year Built Source: Public Records
Accessibility Features
Utilities
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 3611.00
- Water Source: Public