Very Motivated Seller. Sonoma Park Apartments, a prime investment opportunity located in Rohnert Park, CA. This well-maintained property features 28 units, providing immediate revenue potential for investors. Conveniently situated near amenities such as shopping, dining, schools, and parks, Sonoma Park Apartments benefits from a strong rental market in Rohnert Park. The units are designed for efficiency, offering modern amenities and spacious layouts.
Motivated seller offering 60% financing at a competitive interest rate of 5% for one year, with no prepayment, appraisal, or financing contingencies. This seller financing option allows for convenient cash flow management and seeks a closing timeframe of 45 days or less.
Sales Comps:
10/18/21 7394 Boris Ct, Rohnert Park, $6,850,000 22 units Cap Rate 4.25%
7/15/22 333 Enterprise Dr., Rohnert Park, $62,500,000 202 units Cap Rate 3.41%
11/29/22 1736 N. Dutton Ave, Santa Rosa, $5,800,000 24 units Cap Rate 4.24%
1315 Lia Lane, Santa Rosa, $9,320,000 20 units Cap Rate 4.18%