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.