223 Decker St - Apartments FOR SALE


Santa Rosa, CA 95401
$1,900,000 USD
415-461-1010
223 Decker St, Santa Rosa, CA for Sale
$1,900,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

223 Decker St
Santa Rosa, CA 95401


HIGHLIGHTS

  • Multi-family investment: 100% leased
  • Convenient and central location in Santa Rosa
  • Walking distance to SMART train station
  • Upgraded units
  • Value-add opportunity

OVERVIEW

Keegan & Coppin Company, Inc. is pleased to offer for sale a multi-family investment opportunity in Santa Rosa, California. The site is just northeast of the historic Railroad Square district, with new retail and residential development, and is across the street from new townhomes in an area of remodeled single family homes. The property is minutes south of the office and industrial business parks that are home to many of Santa Rosa’s primary employers. This 100% leased investment offers 12 detached, wood-frame bungalow structures on the single parcel; there are 2 one-bedroom units and 10 studio units. All units have a single bathroom, a small yard, separate electric meters, new pitched rooves, and electric/gas wall or baseboard heating. Units have been meticulously maintained and upgraded with new electrical systems, carpet or wood flooring, and paint upon tenancy turn-over. Tenants share the central driveway with adequate parking in front of each unit. There is also ample street parking along Decker Street. Also, this property offers some upside potential in rental income. This offering represents an opportunity for an investor to secure an investment property in the most populated city in Sonoma County. With ease of access to Highway 101 and Highway 12, this functional property sits in a community setting with dining, retail, and all service-related industries within walking distance.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

12

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

223 Decker

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

R, Santa Rosa

APN/PARCEL ID

010-142-012

ASK ABOUT THIS PROPERTY

Theo BanksKeegan & Coppin Company, Inc.More Info
415-461-1010

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Theo BanksKeegan & Coppin Company, Inc.More Info
415-461-1010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.