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| Summary | |
| Price | $6,300,000 |
| Number of Units | 60 |
| Cost Per Unit | $105,000 |
| Current GRM | 9.10 |
| Current CAP | 6.52% |
| Approximate Age | 1975 |
| Approximate Net RSF | 40,530 |
| Proposed Financing | |
| First Loan Amount | $4,200,000 New, 30 Year Amortization |
- The property consists of seven (7) two story stucco buildings situated on a 2.63 acre level site in a residential neighborhood. An excellent mix of 7- 2 bedroom, 52- 1 bedroom, and 1- studio units fits perfectly for the Sonoma County tenant base of young professionals, students, and adult renters. Wood frame and stucco construction combine with pitched tile roofs for a low maintenance style of property. Unit features include: patios or balconies, and covered parking.
Property amenities include: laundry facilities, an office, and small workshop.There is room for the construction of a community building/ office/workshop.
- The subject property is a garden style sixty unit apartment complex located in the Sonoma County City of Rohnert Park. The property offers an excellent entry level housing value to Northbay residents seeking a quiet suburban setting and convenience to jobs, shopping, transportation, and schools.
Contact us for a complete marketing package.