Size Upon Req.$2,790,000
Owner has improved this charming park in many ways such as mostly newer homes, streets and storm drains. Park is full. Tenant is being evicted from space 23 and park owner will rehab home. Park is on city services, sub-metered gas, electric and water. There is rent control but most tenants are on long term leases which provide property tax pass-thru. Excellent opportunity to acquire this park in a great area. Please contact listing agent regarding the existing loan terms.
*Two, 3 bedroom/1 bath units *Each unit contains family room, kitchen, fridge, and stove *Separate garage for each unit *Great yard space *Occupied unit rented for $1,500 a month *One vacant unit with recently upgraded fixtures
The subject improvements consist of five detached buildings containing 7,644 sf of gross building area. Four of the buildings provide a total of six apartment dwellings, & one building is a tavern/bar structure. The subject improvements create a site coverage ratio of 13% and a floor area ratio (FAR) of 0.18:1. The density is equal to seven rental units per acre (7.0:1). Residential Buildings. The property has 5 detached residential apartment buildings. They contain a total of 5,268 sf, which accounts for 69% of the GBA. These structures were reported to have been constructed in approximately 1955, & are located in the center & rear of the site. They are of wood frame and stucco construction over concrete perimeter foundations. The roofing is wood frame and composition shingle, and the windows are aluminum and vinyl frame. The interior finish is primarily carpet and vinyl flooring, gypsum/drywall panels over wood studs, and wall heaters. The kitchens provide built-in cabinets, sinks, and free-standing appliances. All of the units provide two bedrooms and vary between one and two-story (townhouse) floorplans. All of the units have private patios & attached carports.
The subject property is comprised of 18 units and is located in Santa Rosa. The location provides easy access to transportation, schools, shopping and other city amenities. This investment is perfect for the patient investor looking to acquire an underperforming asset with upside potential in one of the fastest appreciating markets in the Country.
This is a three building complex with seven apartment units consisting of two (2) 2-bedroom apartments, four (4) 1-bedroom apartments and one (1) studio apartment. Building totally reconstructed in 1981 of wood frame and stucco construction on a cement slab foundation. New roof completed 2013 for units 8, 10 & 12; new thermal pane windows for all units; new landscaping for the rear of the property.
Perfect opportunity for a general contractor that wants to add value by fixing the subject property or a developer that wants a smaller infill project for the construction of a medium to high density multi family developent in the Wikiup/ Larkfield area of Santa Rosa. Property has two single family dwellings. One dwelling is currently occupied and the other is vacant and ready for renovation. See marketing package for full description of each building.
7 pride of ownership homes off Sonoma Hwy in, east Santa Rosa. Separate fenced yards, established landscaping, trees everywhere, near shopping and restaurants. Some of the homes have views of the hills, some have large back yards. Extra: Billboard lease w/CBS Outdoor. Extra: parking area (for owner or workers) just past the houses. Factoring in these two assets, the price comes in at about $215,000 per single-family home.
The property consists of one 7 unit, 2 story building with five 1 bedroom flats and two 2 story townhomes plus a 1000 Sf, 2 bedroom 1 bath Single family home. All of the 1 bedroom units have 550 square foot floor plans. The two 2 bedroom 1.5 bath townhomes have attractive 865 square foot floor plans. The single family home is 1000 sf with an electric kitchen, copper plumbing, gas wall heat, and an individual water heater. The seven units at 620 Hendley Street have electric kitchens, copper plumbing, gas wall heat, electric circuit breakers, central hot water and tenant storage lockers. These buildings have building owned and coin-op laundry equipment.
Commercial and/or Residential with Development Potential For Sale 4,343± sf Total in 3 Buildings on 32,234± sf (3/4± acre) Lot with 18± Parking Stalls. 2,941± sf 2-Story Commercial/Residential Building - Currently Demised into 3 Units. Three 22' x 15' 1/3' Storage Units/Garages = 1,012± sf. A 26' x 15' Storage Building = 390± sf. Circa Late 1800's Aesthetically Charming High Quality & Stately Architecture - New Roof, Redwood Siding & Construction with Stylish Old-Time Front Porch & Rear Deck - Surrounded by Mature Landscaping & Trees (Oaks & Redwood) - Stylish Wrought Iron/Stone Fence & Electric Gate Entry. DEVELOPMENT POTENTIAL: Zoning Development Standards for Commercial/Office (CO) Zoning Includes: 65% Maximum Lot Coverage - subject to 5' - 15' setbacks, parking & height. 35' maximum height - 3 stories. 30 units per acre maximum residential density. CO Zoning Allows for Office, Medical, Retail, Restaurant, Residential or Multi-Family.
The Palm Place Apartments is an eleven unit apartment complex situated in the Maple-Brookwood neighborhood of Santa Rosa. Consisting of a single family craftsman style bungalow home and two buildings housing ten additional apartments, the property enjoys a large level 0.48 acre site in downtown Santa Rosa. The unit mix of 8 one bedroom, one bath townhomes and 2 one bedroom flat units is complimented by a classic five bedroom, one and a half bath single family residence featuring the namesake palm trees in front. The property offers ample covered and uncovered parking and a community laundry room on a well-designed site.