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
*Two, 3 bedroom/1 bath units *Each unit contains family room, kitchen, fridge, and stove *Separate garage for each unit *Great yard space
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.
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.
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.
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.
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.