Bought with John W Garrett • Marcus & Millichap
$5,820,000
$5,995,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
2,200 Beds
2 Baths
21,600 SqFt
SOLD DATE : 11/02/2021
Key Details
Sold Price $5,820,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 21,600 sqft
Price per Sqft $269
MLS Listing ID 321096180
Sold Date 11/02/21
Bedrooms 2200
HOA Y/N No
Year Built 1971
Lot Size 0.971 Acres
Property Description
A rare opportunity to own 24 units in an A+ location. Just two blocks from The Plaza of Cotati w/ great restaurants, cafes, & shops PLUS just two blocks to the beloved Oliver's Market, Starbucks, & more. Engulfed by parks & just a 5 min drive to Sonoma State University, it is easy to understand & make the most out of the proven appeal to tenants. Comprised of 2 bedroom, 1.5 bathroom Townhouse-style units for ease of ownership & desirability. Each unit includes a private patio + 2 parking spots & boasts a floor plan w/ an astonishing 950+/- SqFt(not verified). Set on a 42,300 SqFt lot, the property has 4 separate buildings. 3 of the 4 roofs have been replaced recently as have many of the appliances. Perfect for investors who want good returns as-is or for those looking to realize the upside of under market rents. One of the lowest prices per door in Sonoma County & some of the largest units in the rental market, the buyer will have an easy path towards realizing excellent cashflow.
Location
State CA
County Sonoma
Area Cotati/Rohnert Park
Interior
Heating Other
Cooling None
Exterior
Garage Carport, Covered, Uncovered
Garage Spaces 48.0
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Others
Special Listing Condition Offer As Is
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