Bought with Ceci Cook • Compass
$1,400,000
$1,525,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
1,120 Beds
3 Baths
5,000 SqFt
SOLD DATE : 08/06/2024
Key Details
Sold Price $1,400,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $280
MLS Listing ID 322078246
Sold Date 08/06/24
Bedrooms 1120
HOA Y/N No
Year Built 1942
Lot Size 1.170 Acres
Property Description
Sycamore Court consists of 12 cottage apartments, and 13 trailer spaces located in the Russian River town of Guerneville, CA. Price just reduced April 2024. There are six 2 BD's, three 1 BD's and three studios. All apartments and trailer spaces are rented as of May 1, 2024. There is a landscaped common area with a BBQ and picnic tables. One of the buildings includes five storage spaces for additional rental income. The property includes 13 trailer spaces, with 12 currently rented. The tenants pay for their own water, gas and electric, some billed by the utility companies, and others sub-metered by the owner. The owner pays for garbage and sewer. The laundry room has hookups for 4 washing machines, and 3 dryers (machines not included). There are approximately 50 on-site parking spaces. Tenants have just a 6-minute walk to swim at Johnson's beach, or shop and dine in downtown Guerneville. Tenants enjoy nearby Armstrong Woods State Park, and many local wineries. The property is in a flood zone, and flood insurance is required. Located in desirable Sonoma County, this property provides an investor with terrific cash flow, and a stable tenant base.
Location
State CA
County Sonoma
Area Russian River
Interior
Heating Electric
Cooling None
Exterior
Garage Guest Parking Available, Open
Garage Spaces 50.0
Roof Type Composition
Building
Foundation Combination, Concrete, Raised
Sewer Public Sewer
Water Public
Architectural Style Cottage, Farmhouse
Others
Special Listing Condition Offer As Is
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