$1,388,000

About This Property

Rare opportunity to own a prime townhouse-style fourplex in one of the most desirable Santa Rosa Junior College locations. The property consists of three 2-bedroom, 1.5-bath units and one spacious 3-bedroom, 2-bath unit featuring a full bedroom and full bathroom on the main level, offering added flexibility and appeal for both tenants and owner-users alike. All units have been extensively remodeled with updated flooring, modern kitchens, remodeled bathrooms, stainless steel appliances, beautiful cabinetry, and updated fixtures throughout, creating a clean and highly desirable rental product. The property also features dual-pane windows and low maintenance landscaping. The current owners have invested heavily in the exterior and major systems, including a brand new roof, recently painted gutters, upgraded PG&E wiring, and a newer electrical panel. The property generates strong in-place income with approximately $113,000 in gross annual income, making it an attractive opportunity for investors and 1031 exchange buyers seeking stable cash flow in a prime rental market. Additional features include private fenced patios, ample covered carport parking, separate on-site laundry facilities, and storage units for tenant convenience. The strong unit mix, extensive upgrades, and prime location continue to support excellent tenant demand and stable long-term income performance. Conveniently located near downtown Santa Rosa, Coddingtown Mall, Kaiser and Sutter hospitals, shopping, restaurants, transportation, and the SMART Train corridor, this is an outstanding opportunity to acquire a turnkey multifamily asset in one of Santa Rosa's strongest and most stable rental markets.

Property Details

Listing Information

Listing Courtesy of: Erika Rendino — RE/MAX Marketplace
MLS# 242724739
Information is deemed reliable but not guaranteed. Posted under reciprocity agreement, BAREIS MLS.