Fully rented, two story, downtown building. First floor enjoys an insurance office and the north Sonoma County health clinic. Upstairs are two one bedroom apartments. Sale includes adjacent 1770 sf parking lot, APN 001-173-004.
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.
4-unit apartment building located at 260-266 Arlen Drive, Rohnert Park, CA. The subject property is located in the Parkside Apartments subdivision and sits on approximately 10,874 sf lot with approximately 3,621 building sf. The property offers an attractive unit mix with 2 -2 bedroom 1.5 bath units and 2 2 bedroom, 1 bathroom units. Steady income and much growth potential. Parcel: 143-061-037 Development: Parkside Apartments Number of Units: 4 Number of Buildings: 1 Year Built:1971 Rentable Square Feet: 3,621 Lot Size: 10,874
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.
Marcus & Millichap is pleased to offer 7874-7890 Old Redwood Highway, Cotati, a 32-unit residential, 5-unit retail, mixed-use property with adjourning parcel. The property presents an excellent value-add opportunity to acquire a quality asset in a desirable location in Sonoma County. The subject property is located ¼ mile from the center of Cotati, with close proximity to neighboring Rohnert Park. There are a total of five buildings comprising approximately 27,490 total square feet, situated on 1.75 acres of land. In addition, the offering includes an undeveloped, separate parcel of approximately .87 acres of land. In total, the property encompasses 2.62 areas of land in growing community of Cotati. This investment offers an above-average rate of return on an attractive mix of multifamily units, combined with stable retail tenants. There are opportunities for significant increases in rental income and efficiencies of management, which will allow for substantial increase valuation. 7874-7890 Old Redwood Highway will provide investors an excellent opportunity to add value to a well-located property.
*Two, 3 bedroom/1 bath units *Each unit contains family room, kitchen, fridge, and stove *Separate garage for each unit *Great yard space
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.
Level, commercially zoned parcel (designated CO) with building currently a single family home on +/- .35 of an acre. Property is in good condition with recent extensive tree and shrub trimming, installation of an irrigation system for the fruit trees. Property is completely fenced and has a security system installed. Ideal for owner user with plenty of room for expansion. Lots of basement space containing laundry and room for storage.
Size Upon Req.$2,650,000
42 manufactured home sites currently occupied by eight doublewide homes and the balance singlewide homes. Site rents are $490-$585 plus submetered electric. The gas is directly billed and the sewer, water, and trash utilities are included in the rent. The City of Cloverdale has a rent control ordinance but every resident is on a ten year lease exempt from rent control with fixed rent increases each year (see following rent increase schedules). Currently one vacancy with two park owned homes for sale. No rental mobile homes or mh notes included in the sale. Sale also includes a very nice 2 bedroom/1 bath house of approximately 1,600 square feet with a three car garage rented for $1,500 per month and a studio cottage rented for $550 per month. 50 amp electrical service with the main panel (replaced or renovated?) eight years ago, city sewer and water services, new asphalt overlay in 2009, and part of the sewer lines were replaced or lined in 2006 and 2014.