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    862 West Avenue

    Santa Rosa, CA 95407
    • $2,695,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 321050252
    UPDATED: 82 min ago
    $2,695,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,740
      SQFT
    • $212
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.

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    © 2021 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: 2021-06-24T18:56:53.927.
    www.showcaseproperties.com/homes/117984476
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    862 West Avenue Santa Rosa, CA 95407

    • Price: $2,695,000
    • Status: Active
    • Updated: 82 min ago
    • ID#: 321050252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    12,740
    SQFT
    $212
    $/SQFT
    1960
    Built
    Neighborhood:
    Santa Rosa-Southwest
    County:
    Sonoma
    Area:
    Santa Rosa-Southwest
    Property Description
    Priced significantly below replacement cost, this high upside 16-unit apartment complex is comprised of 12 one-bedroom units and 4 two-bedroom units. The asset is located in the Roseland area of southwest Santa Rosa. Each unit features a patio or deck and most units have new sliding doors. The upstairs units have beautiful open beam ceilings creating a spacious living environment. This apartment building features an on-site laundry room generating additional income, an office for the on-site manager, separate meters for PG&E and individual water heaters for each unit. The property has been consistently maintained under the current ownership. With one of the lowest price-per-door of any apartment building in Sonoma County over the last 5+ years, a new owner who updates the interiors and increases the rents to market will generate excellent cash flow from this unique investment opportunity.
    Exterior Features

    Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Shape Regular Open Parking Spaces 0 Parking Features Off StreetUncovered Parking Total 15 Roof CompositionShingleTar/Gravel Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 12 2 Bedroom Units Total 4 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Wall Furnace Laundry Features Coin OperatedIn Common AreaWasher/Dryer Owned Studio Units Total 0

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 186100 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Tenant Pays ElectricityGas Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Steven Level of Berkshire Hathaway.


    © 2021 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: 2021-06-24T18:56:53.927.
     
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