PRIME INVESTMENT OPPORTUNITY
4 Beds • 4 Baths • 2,517 SF • 7,650 Acres • 4-Units, 1BR/1BA each • $985,000
Impeccable four- unit one bedroom, one bathroom, building located in the desirable Bennett Valley area of Santa Rosa with easy access to U S 101, shopping, transportation, Bennett Valley golf course, Annadel State Park , Galvin Community Park and more. Recently painted and landscaped for market availability, this property has been owner managed for 16 years with established tenants and pride of ownership.
Improvements include new roof, exterior paint, landscaped corner lot. Recent complete renovation of Unit 1 includes new windows, new flooring, new interior paint, new bathroom and vanity, new kitchen appliances, granite countertops and new sink. Unit 2 has been partially upgraded with new floors, newly painted interior, new bathroom, new light fixtures, and granite countertops in kitchen.
The building also includes a four car detached carport with new roof, storage, coin operated laundry room, two patios and two decks. There is plenty of available street parking.
Excellent investment opportunity with desirable cap rate.
Annual income $71,160
Monthly income $5930
Annual expenses $17,072
All units are no occupied.
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Don’t miss this exceptional value!
Annual Property Income
Unit #1 1 bed/1 bath-Completely remodeled- Projected rent $1,795.00
Unit #2 1 bed/1bath- Partially remodeled- Current rent $1,495.00
Unit #3 1 Bed/1bath-current rent $1,450.00
Unit #4 1 bed/1 bath-Current rent $1,395.00
Total monthly income $6,135.00
Coin laundry income $15.00
Gross Schedule Annual income $6,150.00
Total Annual Gross income $73,800.00
Annual property expenses
Property insurance Current $1,945.00
Property tax Current $8500.00
*City of Santa Rosa $2,892.32
*PG and E $557.00
*Recology Sonoma Marin $262.26
*Total Expenses $3799.82
Total Annual Expenses $14,244.82
Net operating income $59,556.00
Property Price $985,000.00
Number of units 4 GRM 13.34 Cap rate 6.04
Approximate Lot size 7650- Rentable Square Area 2517