877 Sonoma Ave - Apartments FOR SALE


Santa Rosa, CA 95404- Outer Santa Rosa
$3,449,999 USD
415-927-8888
877 Sonoma Ave, Santa Rosa, CA for Sale
$3,449,999 USD
Apartments - FOR SALE
1/31
null | 5.86% Cap Rate

877 Sonoma Ave
Santa Rosa, CA 95404
Outer Santa Rosa


OVERVIEW

Located in the vibrant city of Santa Rosa, within walking distance to historic downtown restaurants and shopping, Sonoma Creek Apartments is a well-maintained 18-unit community offering the ideal balance of convenience and comfort for its residents. Featuring a desirable mix of 3 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 4 studio units, with covered parking and storage, on-site laundry facilities, patios/balconies, and expansive scenic picnic area, Sonoma Creek appeals to a wide range of renters. Competitively priced at $3,449,999, or $191,667 per unit, with a starting Cap rate of 5.86% that grows to 7.61% at projected market rents, Sonoma Creek Apartments is an attractive investment opportunity with strong fundamentals and upside potential. Contact us for details and showing schedule.

FOR SALE DETAILS

PRICE

$3,449,999 USD

PRICE/SF

$285 USD /SF

# OF UNITS

18

PRICE/UNIT

$191,667

CAP RATE

5.86%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sonoma Creek Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,323 SF

ZONING

R3-15, Santa Rosa

APN/PARCEL ID

009-181-014

ASK ABOUT THIS PROPERTY

Scott GerberNorcal CommercialMore Info
415-927-8888

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Scott GerberNorcal CommercialMore Info
415-927-8888

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