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.
MLS #
CRIV24091777
MLS Source
California Regional MLS
Days on Site
11
Buyer's Brokerage Compensation*
2.00
Cooling
Central Forced Air
Heating
Central Forced Air
Roof
Tile
Style
Custom
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | 10 | – |
460 Oswell St is a Residential Income in Bakersfield, CA 93307. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,900,000 and was built in 2010.
This address can also be written as 460 Oswell St, Bakersfield, CA 93307.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 09, 2024. For the most current information, please contact ANTHONY RODRIGUEZ, (949) 343-0202