Located in the Memorial Hospital neighborhood and just one block from Montgomery Village, the Auletta Apartments are a prime 8-unit complex composed of two fourplexes surrounding a common courtyard.
Each spacious flat consist of two bedrooms, one bathroom and includes wall furnaces, covered carports, common laundry and A/C in every unit. All units have been meticulously maintained and display pride of ownership throughout.
The stucco construction, perimeter foundation with slab sub area, new dual pane windows, sliders and separate PG&E meters makes for a turn-key investment opportunity.
The desirable rental location will command premium rents due to the close proximity to Montgomery Village and Hospital District. Upside in rental potential due to the current owner’s below market management style.
Fourplex 2-bed, 1-bath flats
Sq Ft 5,066
Lot Sq Ft 15,300
CAP Rate 6.1%
Projected CAP Rate 7.1%
Tax ID 014-161-025
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.