A rare opportunity to acquire a 21 unit apartment building in the wine country. This is vintage 1970' s . The property consists of (2) 2-story buildings known as the Alexander Valley Apartments. The property features a desirable unit mix of 16 two-bedroom units and 5 one-bedroom units. There is covered parking onsite for 21 vehicles with additional uncovered off-street parking on this generous 33,000 square foot landscaped corner parcel. The North & South buildings create a cozy and calm landscaped courtyard affording a charming setting for tenants. In recent years the property has benefitted from numerous upgrades: insulated dual pane windows & sliders, roofs in 2004 & 2006, landscaping, carport lighting and drainage improvements. The community of Healdsburg is known the world over for being a destination city as it sits amidst the Alexander Valley, the Dry Creek Valley & the Russian River valley and boasts proximity to nearly 100 wineries. Tourists and locals alike seek its' desirable leisure activities, agricultural commerce, fine dining, cultural events and proximity to San Francisco. This is an "add-value" property and the price above reflects the estimated $400,000 of CAPx
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
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.
*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.
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.
Excellent restoration project or owner operator. 23 site RV park with raised home or Managers unit. Each site plus home, cabin and dilapidated restaurant are all connected to city sewer and city water. Only RV park walking distance to downtown Guerneville and Russian River. Tennis courts, restaurant and Russian River less than 2 blocks away. Great opportunity.Call agent for showing and additional info. Tenants are in the process of being vacated for seasonal closure. Entire property should be vacant by December 2nd 2014. This is a dilapidated RV park and restaurant. Use permit is currently active. See attached addendum for probate terms and conditions. MUST BE CASH. Not financeable in present condition. Property is two parcels 072-100-022 & 066. Park is 2.06 acres restaurant lot 6,825sq ft.
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.