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    1022-1024 King Street

    Santa Rosa, CA 95404
    • $1,995,000
    • STATUS: Active
    • ON SITE: 123 days
    • ID#: 22011664
    UPDATED: 213 min ago
    $1,995,000
    • 0
      BEDS
    • 0.31
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,088
      SQFT
    • $392
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A 9-Unit apartment complex situated on a level lot in the coveted Junior College Neighborhood of northeast Santa Rosa. Comprised of three separate buildings located on one parcel, this property consists of a six-unit building, a duplex and a detached cottage totaling (7) 1BR/1BA units and (2) 2BR/1BA units. The property features a shared elevated deck, carport parking for all nine units and a shared coin-operated laundry room. There is space for a potential additional unit above the carports. The property is ideally located in a residential neighborhood near Santa Rosa Junior College, High School and Middle School, as well as the revitalized downtown area that includes the recently renovated courthouse square. Access to Hwy 101 and the Santa Rosa SMART train stop are a short drive away. This apartment complex is extremely easy to rent and manage with undeniable charm and realistic upside potential in an area of proven stability. Properties in this area rarely come available.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2020-09-29T23:55:50.36.
    www.showcaseproperties.com/homes/106368252
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    1022-1024 King Street Santa Rosa, CA 95404

    • Price: $1,995,000
    • Status: Active
    • Updated: 213 min ago
    • ID#: 22011664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.31
    Acres
    5,088
    SQFT
    $392
    $/SQFT
    Neighborhood:
    Santa Rosa-Northeast
    County:
    Sonoma
    Area:
    Santa Rosa-Northeast
    Property Description
    A 9-Unit apartment complex situated on a level lot in the coveted Junior College Neighborhood of northeast Santa Rosa. Comprised of three separate buildings located on one parcel, this property consists of a six-unit building, a duplex and a detached cottage totaling (7) 1BR/1BA units and (2) 2BR/1BA units. The property features a shared elevated deck, carport parking for all nine units and a shared coin-operated laundry room. There is space for a potential additional unit above the carports. The property is ideally located in a residential neighborhood near Santa Rosa Junior College, High School and Middle School, as well as the revitalized downtown area that includes the recently renovated courthouse square. Access to Hwy 101 and the Santa Rosa SMART train stop are a short drive away. This apartment complex is extremely easy to rent and manage with undeniable charm and realistic upside potential in an area of proven stability. Properties in this area rarely come available.
    Exterior Features

    Carports 9 Exterior Wood Siding Foundation Construct Cc Perimeter Garages 0 Lot Description Level On Site Parking CarportsOn Street Open Uncovered Spaces 0 Roof CompositionShingleTar & Gravel Rv Boat Spaces 0 Type 1 Story2 StoryApartmentsGarden Apts Underground Spaces 0

    Interior Features

    Heat Cool Wall Furnace

    Property Features

    1 Bdrm Ann Occupancy 100.00 1 Bdrms Occupied 7 1 Bedroom Rent Range 1430-1485 1 Bedrooms 7 2 Bdrm Ann Occupancy 100.00 2 Bdrms Occupied 2 2 Bedroom Rent Range 1650-1900 2 Bedrooms 2 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 5.00 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 5568.00 Est Maintenance Exp 4500.00 Est Management 8066.00 Est Misc Expenses 1200.00 Est Net Income 103466.00 Est Taxes 23104.00 Est Total Annual Exp 61654.00 Est Utilities Exp 19216.00 Expense Source Owner Furnished Units 0 GRM 12.08 Gross Scheduled Inc 165120.00 Guest Spaces 0 Laundry Appliance Coin OperatedCommon Room Lease Deposit 0.00 Lot Size Source (Owner) Monthly Expenses 5137.83 Monthly Income 13760.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageGasInsuranceMaintenanceManagementMiscellaneousTaxes/AssessmentsVacancy FactorWater Planned Unit Develop No Separate Meters ElectricityGas Sewer Septic Sewer Public Square Footage Source Appraiser Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Transaction Type Sale Water Source Water-Public Year Built Exception Unknown

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Steven Level of Berkshire Hathaway.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2020-09-29T23:55:50.36.
     
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