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.
MLS #
BA321050252
MLS Source
Bay Area Real Estate Information Services, Inc.
Buyer's Brokerage Compensation*
2
Laundry
Coin Operated
Cooling
None
Heating
Wall Furnace
Roof
Composition, Shingle, Tar/Gravel
Garage/Parking
Off-Street Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
16 | – | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 0 | 0 | 0/0 | – | – | – |
862 West Ave is a Residential Income in Santa Rosa, CA 95407. This 12,740 square foot property sits on a 0.551 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1960.
This address can also be written as 862 West Ave, Santa Rosa, CA 95407.©2024 Bay Area Real Estate Information Services, Inc. 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 Bay Area Real Estate Information Services, Inc.
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This listing information is up-to-date as of June 02, 2023. For the most current information, please contact Steven Level, (415) 747-2150