100495 . 20 Home SFR Bakersfield CA

100495 . 20 Home SFR Bakersfield CA Taft, CA 93268

100495 . 20 Home SFR Bakersfield CA, Taft, CA, 93268
100495 . 20 Home SFR Bakersfield CA, Taft, CA, 93268
FOR SALE
Property Type:
Other Residential
Amount:
$1,899,000
Cap Rate:
7.14%
Last Verified:
Jul 07, 2020

  • For more information visit www.SFRhub.com and search for portfolio 100495!

  • Average price per home is only $94,950 which is 19% lower than Taft’s median home price.

  • Opportunity to further increase returns by pushing rents an additional 7% to full market rates.

  • Quality renovations in the past 3-5 years decrease potential turn costs at tenant turnover.

  • Floor Plans range from 550 to 1300sqft.

  •  

    100% occupied with background-checked residents.

  • Turn-key portfolio making for a smooth transition to a new buyer

 

For more information visit www.SFRhub.com and search for portfolio 100495!

This 20 unit SFR investment portfolio opportunity in Taft CA, offers an investor immediate cash flow in this stable market. Containing 14 Single Family Homes and 3 Duplexes. The majority of the homes are 2 to 3 bedroom, providing a home mix that is ideal for the typical renter profile. The average vintage of homes in this portfolio is 1932 and the average square footage of 850sf per home. Rents are continuing to climb in this submarket and will continue bringing increased cash flow to investor's bottom line over the next few years. Median home price in Taft is $117,800 and is 19% higher than the average price per home of this portfolio’s price at $94,950.

 

With recent renovations on all the homes in the past 3 to 5 years, these investment homes are durable and attractive to future tenants, and will make for lower turn costs at tenant turnover.  This portfolio has been operated by an experienced seller that is looking to retire and is about as turn-key as you can get. It is naturally efficient to manage, further decreasing property management and maintenance expenses. Floorplans range from 550 SF to 1,300 SF spread across single level homes containing 1 to 3 bedrooms and single baths. Private yards surrounded by a variety of fencing creates the perfect play space for children or dogs. Fully occupied with background-checked residents, these homes have shown to be in high demand, attracting multiple applications when becoming available. Currently achieving high market rents, this is a great opportunity to acquire a high-performing, value-add portfolio by increasing the rents by another 7% to full market rates, as well as cutting current insurance premiums by another 28% with the placement of a master insurance policy, further increasing their returns.


Additional URLs

Map of 100495 . 20 Home SFR Bakersfield CA, Taft, CA, 93268

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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