Low vacancy rate and steady rental income. This fine property provides an opportunity to own prime income property in an area of very low invetory. Fantastic location, just a short walk to the Smart Train Station, Coddingtown Mall and one-stop shopping destination such as Target, Whole Foods, and Macy’s. With a multitude of Sonoma County’s favorite restaurants to choose from and convenient access to Hwy 101, this location provides all the goodness that Sonoma County has to offer.
The property is composed of two 3 bed/2 bath flats; eight 2 bed/2 bath flats; eight 1 bed/1 bath flats; eight 2 bed/1 bath flats; and six 2 bed/1.5 bath townhouses. All units feature large, attractive floor-plans with balconies and/or patios. This unique unit mix was designed to accommodate long-term tenants. Amenities include a common coin operated laundry room and a centrally located community pool. The great unit mix, large floor-plans and ideal location provide a unique value-add opportunity and the potential to become a premium complex with the right upgrades. Properties of this quality and size are scarce in today‘s market. Hurry, because this one won’t last!
• Separately Metered for PG&E, On Site Coin Operated Laundry
• Private Security Fence, Easy to Maintain Landscaping, and Ample Parking
• Market CAP Rate 4.8% / Market GRM 15.25%
Projected CAP Rate 5.9%
Market GRM 15.25%
David and Erika Rendino
David and Erika RendinoREALTORS®/Owners | RE/MAX Marketplace | DRE# 01252035/01465104
David and Erika Rendino are one of the most respected real estate teams in Sonoma County and are the founding owners of RE/MAX Marketplace. They are recognized by clients and peers as ethical, accomplished and dedicated. They continue to set the standard for excellence, market knowledge, and elite customer service. With more than 25 years of combined experience, David and Erika have closed well over 1,000 transactions since 1998.