Commerical lower portion Three apartments above 1 bed 1 bath each.Located in Historical Old Town Completely leased,good CAP rate and income.
The property consists of two one story apartment buildings situated on a level 21,344 square foot parcel in a mixed residential and commercial neighborhood immediately Southeast of the intersection of Highways 101 and 12. The two buildings have flat roofs and wood frame construction with perimeter concrete foundations. Nine units feature an eat-in kitchen, small living room, bedroom and bathroom with shower stall. It is believed that these units combined the original floor plan with an adjacent garage which is now the bedroom. One of the units has been expanded by adding a small second bedroom. Four studios have a small kitchen, living room and bathroom with shower stall. Kitchens are gas, heat is gas and hot water is provided by 7 individual 30 gallon gas water heaters located throughout the property. In addition, there is a repair shop located on the street side of the property, which is used for vehicle storage. This shop is approximately 880 square feet and pays rent of $900 per month. This space previously had a fuel storage tank which was removed in 1988 according to the City of Santa Rosa. The zoning is listed as CG-General Commercial.
This six unit complex has a private driveway on a quiet court. The roomy lot is 1.27 acres and is lush with established trees. The property consists of one single story building. Each unit is approx. 840 sq. ft. Built in 1975, the units are all 2bd/1ba with a garage and private backyard. This parcel is zoned to allow up to 13 market rate units and 30 affordable housing units. Building size is approximate.
7 pride of ownership homes along hwy 12, east Santa Rosa. Fenced, private yards, established landscaping, trees everywhere, near shopping & restaurants. Some of the rental homes have panoramic views of the hills and Annadel Park, others have fenced, private back yards (small). Long-term lease w/CBS Outdoor for an advertising sign and owner garage (w/driveway for worker parking) are on either side of the 7 houses.
Older 3 bedroom, 2 bathroom, 2,000± sf house on site on the Stony Point Road frontage of this 75' wide, 545' deep level infill parcel with most of the south side of the lot bordering on Ironstone Circle. The house was originally 1,600± sf with 3 bedrooms and 2 bathrooms. Seller replaced roof and installed new high-efficiency heater in 2009. 2 bedroom and 1 bathroom additions were built without building permits. Public sewer, private well (public water is available to the site), storm drainage, PG&E and cable at site. The general plan designation allowing 2-8 lots, the lot configuration, and the bordering public street give this site the obvious potential to be developed as 7 SFD lots preserving the existing home on the easternmost lot. The new lots would average approximately 4,300 - 4,100± sf depending on sidewalk depth. The existing home would be served by a driveway off of Ironstone Circle, rather than as currently accessed from Stony Point Road. (See attached schematic layout). Call listing agents for further details.