Cotati, CA 94931,294 E Cotati AVE
Listed by Nick Svenson • Sotheby's International Realty
Bought with John W Garrett • Marcus & Millichap

$5,820,000

$5,995,000

2.9%
Est.Price: ?

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Est. payment /mo

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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