$1,265,000
$1,295,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
3,968 SqFt
SOLD DATE : 08/05/2022
Key Details
Sold Price $1,265,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,968 sqft
Price per Sqft $318
MLS Listing ID ML81894560
Sold Date 08/05/22
HOA Fees $1,250
HOA Y/N Yes
Year Built 1984
Annual Tax Amount $15,540
Lot Size 0.280 Acres
Acres 0.28
Property Description
The subject property provides an incredible opportunity for investors to own a 1980s vintage fourplex on a tree lined street in the heart of Sonoma wine country. Given the year of construction, it has withstood the test of time and is in very good shape. Each unit boasts private balconies, backyards, in-unit washer/dryer units and enclosed garages- a set of amenities that retains tenants for the long term and competes very well in the rental marketplace. Furthermore, the townhouse style units offer a comfortable living experience that is superior to flat-style apartments in the area. At a current 4.83% cap rate, the cashflow is relatively high with significant upside to be realized with higher rents, as well as eliminating water expenses by billing tenants for water. Shopping and supermarkets, highways and freeways, as well as local schools and bus stops are in close proximity to the property. Download Offering Memorandum Here: https://www.redwoodpropertyco.com/1777-1783w3rd
Location
State CA
County Sonoma
Area 699 - Not Defined
Zoning CITYSR
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Garage Spaces 4.0
Garage Description 4.0
Roof Type Shingle
Accessibility None
Total Parking Spaces 2
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 146140028000
Financing Cash
Special Listing Condition Standard
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Bought with Michael Johnston
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner