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Listed by Erich M Reichenbach Marcus & Millichap Real Estate Investment Services, Inc.
$2,695,000
Est. payment /mo
5,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $453
MLS Listing ID 326078539
HOA Y/N No
Year Built 1965
Lot Size 8,999 Sqft
Acres 0.2066
Property Sub-Type 5 or More Units
Property Description
The property consists of six, fully remodeled two-bedroom 1.5-bath, townhouse-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes, and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual in-come as well as the potential to add in unit laundry to further increase property cash flow. The property is conveniently located just a short distance from public transportation as well as the new SMART Rail and many downtown West-Side amenities. Petaluma boasts little to no vacancy and a growing tenant profile due to proximity to multiple freeways, local schools, Santa Rosa Universities, and Highway 37, is considered a major hub for employment. The property is ideal for local fami-lies with many neighboring parks and several schools nearby, including St. Vincents a well-known private high school.
Location
State CA
County Sonoma
Area Petaluma West
Rooms
Basement None
Interior
Heating Central
Cooling None
Laundry Common Area
Exterior
Waterfront Description Public
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscape Back
Sewer Public Sewer
Water Public
Others
Tax ID 006158009000
Special Listing Condition Offer As Is
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