Welcome to the Washington Square Apartments!This property
boasts a location that cannot be beat and a history of high
occupancy. The apartments consist of 16 units including a single
family home. The +/-0.4 acres is situated less than a quarter
mile from the charming, downtown Sonora. The property has
historically been operated as a 55+community given the smaller
unit mix and parking requirement,however there are no deed
restrictions or affordability requirements.
Ownership has conducted all the heavy lifting here. The property’s
exterior has received new siding and paint, and 7 interiors have
been updated. A new owner will have an opportunity to continue
remodeling unit interiors upon achieving a vacancyin order to
bring rents up to market. Rents on the property are over 15% below
market. Additionally, the property is zoned General Commercial
which allows for potential future development.