Investment Overview
A perennial money maker, Cedarwood Apartments, priced at $11,600,000, brings all the most desirable elements of a top-notch housing community together in a central Santa Rosa location. Combining a premium unit mix with amenities like garages, in-suite laundry, private patios, spacious grounds and pool on a thoughtfully designed 2.8 acre level site, Cedarwood offers something for both tenant and investor alike. These strong fundamentals paired with a compelling starting cap rate of 6.13%, and the rare opportunity for condo conversion with existing map, make Cedarwood Apartment Homes a uniquely attractive real estate investment.
Property Details
Price
$11,600,000
Units
35
Unit Mix
25 - 3x2.5TH, 10 - 2x1
Rentable SF
39,250
Floors
2
Year Built
1985
Property Location
275 West College Avenue, Santa Rosa, CA, USA