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Sonoma Creek Apartments

18 Units - Santa Rosa

ESCROW

$3,449,999

Investment Overview

Located in the vibrant city of Santa Rosa, within walking distance to historic downtown restaurants and shopping, Sonoma Creek Apartments is a well-maintained 18-unit community offering the ideal balance of convenience and comfort for its residents. Featuring a desirable mix of 3 two-bedroom/one-bath units, 11 one-bedroom/one-bath units, and 4 studio units, with covered parking and storage, on-site laundry facilities, patios/balconies, and expansive scenic picnic area, Sonoma Creek appeals to a wide range of renters. Competitively priced at $3,449,999, or $191,667 per unit, with a starting Cap rate of 5.86% that grows to 7.61% at projected market rents, Sonoma Creek Apartments is an attractive investment opportunity with strong fundamentals and upside potential. Contact us for details and showing schedule.

Property Details

Price

$3,449,999

Units

18

Unit Mix

3 -2x1, 11 -1x1, 4 -Studio

Rentable SF

10,500

Floors

2

Year Built

1975

Property Location

877 Sonoma Avenue, Santa Rosa, CA, USA

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