1777 W 3rd Street
Santa Rosa, CA 95401
3968 sqft | 0.28 acres | #ML81894560
Description
The subject property provides an incredible opportunity for investors to own a 1980s vintage fourplex on a tree lined street in the heart of Sonoma wine country. Given the year of construction, it has withstood the test of time and is in very good shape. Each unit boasts private balconies, backyards, in-unit washer/dryer units and enclosed garages- a set of amenities that retains tenants for the long term and competes very well in the rental marketplace. Furthermore, the townhouse style units offer a comfortable living experience that is superior to flat-style apartments in the area. At a current 4.83% cap rate, the cashflow is relatively high with significant upside to be realized with higher rents, as well as eliminating water expenses by billing tenants for water. Shopping and supermarkets, highways and freeways, as well as local schools and bus stops are in close proximity to the property. Download Offering Memorandum Here: https://www.redwoodpropertyco.com/1777-1783w3rd
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Nick Oliver (#ML5088554)
Listing Office: Redwood Property Company (#ML5097728)
Listing Courtesy (Buyer)
Buyer's Agent: Michael Johnston (#ML1599928)
