The property consists of six, fully remodeled two-bedroom 1.5-bath, town-house-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual income as well as the potential to add in-unit laundry to further increase property cash flow. The property is conveniently located just a short distance from public transportation as well as the new SMART Rail and many downtown West-Side amenities. Petaluma boasts little to no vacancy and a growing tenant profile due to proximity to multiple freeways, local schools, Santa Rosa Universities, and High-way 37, is considered a major hub for employment. The property is ideal for local families with many neighboring parks and several schools nearby. This investment opportunity offers a great unit-mix, ideal location and significant appreciation potential.
Residential - Multi-Family, 2 Story
5,940 sq. ft
Detailed Room Information
- Coin Operated
- Other. .
Exterior / Lot Features
- 8 Parking Spaces. 0 Covered Parking Spaces. Guest Parking Available,Off Street.
- Additional Exterior/Lot Features
- Shape Regular. Shape Regular.
Active Market Trends
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Properties For Sale
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Median Sq. Ft. Price
Courtesy: Erich Reichenbach, Marcus & Millichap
Agent License: 01860626 Office License: 00662084 Office Phone: 818-212-2700
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