Sunset View Apartments

Address
980 Sunset Avenue
Santa Rosa, CA 95407
Call Listing Agent for Viewing


Marketing Package 

Summary
Price	$1,250,000
Down Payment	$540,000
Number of Units	10
Cost Per Unit	$65,192
Current GRM	9.25
Current CAP	6.51%
Approximate Age	1963
Approximate Net RSF	8,700
Cost Per Net RSF	$155.17
Proposed Financing
First Loan Amount	$810,000 Existing

• The subject property is a 10 unit apartment complex lacated in the Southwest Santa Rosa neighborhood known as Roseland. Combining attractive numbers and a unique mix of large apartments and contemporary construction, the property makes an ideal investement for a beginning investor or savvy local apartment owner.
  
  
• The unit mix of 6-three bedroom and 4-two bedroom apartments is ideal for families which accurately describes the current tenancy of the property. Built in the 1960's, the building features wood frame and stucco construction, pitched roofs, covered walkways, minimal landscaping and no pool; ideal from a maintenance and insurance standpoint.
  
  
• Priced at 9.99 times the current actual income, this property will produce immediate cash flow and is priced to sell. With $540,000 down payment, the current Citibank loan in the amount of $810,000 is assumable to a qualified buyer and has s current adjustable rate of 4.19% with monthly interest and prinipal payments of $4,463. Alternately, new bank laons are available at approximately 5.75% fixed for 5 years, adjustable years 6-30 with a 30 year amortization.