864 Fourth St, Santa Rosa, CA
Rare eight-unit mixed-use property in much sought after Downtown Santa Rosa. Property consists of two buildings with ample parking throughout. The front building is leased by an established florist, which presently occupies two units and is equipped with a kitchen and full bathroom. The remaining front building units include two one-bedroom/one-bath flats and a studio. The second building consists of three one-bedroom/one-bath flats with a separate storage unit.
The property has been completely renovated from the foundation to the roofs, with no expenses spared. With near market rents and impeccable condition, this complex represents a true turn-key investment opportunity. Units show beautifully and include all newer appliances, updated kitchens and dual pane windows throughout. High demand, limited supply and minimal vacancies, coupled with the property’s vintage charm and modern conveniences makes this a highly coveted rental location.
Situated near employment, transportation and entertainment. Property is located within one mile of downtown Santa Rosa, a popular destination for tourists and local residents and includes a wide variety of venues for shopping, dining, arts, and recreation. The site is easily accessible by Interstate 101, providing tenants with a 60-minute drive to San Francisco and a short walk to the SMART train station.
There is a very favorable existing loan in the amount of $1,250,000, which may be assumable to a qualified buyer. Please inquire for details.
- Buildings 2
- Units 8
- Building 1 Commercial Space
- Building 1 Two 1BD/1BA, 1 studio
- Building 2 Three 1BD/1BA