In the path of development.- calling all developers and investors! ~140 Acres, 3 legal parcels zoned for estate homes plus guest homes per each vineyard view parcel. Existing 1880 Victorian Farmhouse on the property first 15 acre parcel; 3 beds, 2.5 baths. Large barn with stalls and pasture- good condition.. Surrounded by vineyards and amazing views, vines can be planted on each of these parcels as well. Water, Power- existing home completely on solar. .
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.
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.
22 Unit Income Property built in 1987. This is a one of a kind apartment complex with large floor plans, individual water heaters, 2 parking spots per unit and mature shade trees throughout. Located next door to Bayer Neighborhood Park and Gardens and very close to Sheppard Elementary school, this property benefits from a waiting list for tenants and an excellent living environment. Full Marketing Package Available.
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.
Priced at $2,300,000 or $109,524 per unit and $212.84 per square foot the current cap rate at 5.82% offers a higher return than other recent sales of clean properties. The current NOI of $133,889 should grow with some units moving to already established higher rents. The current 6.06% return grows to over 8.44% at market rents with market occupancy of at or above 98%. A buyer must independently verify all operating figures.
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.
Excellent investment opportunity. Fully leased multi family property includes a two bedrroom freestanding cottage, three two bedroom units, two studios and one single bedroom unit on a large lot at the North end of Cloverdale a short distance from The Hamburger Ranch.
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.