SOLD TOGETHER WITH 102 ELLIOTT STREET, APN 003-222-019-000. This parcel is not offered separately. Combined offering price for both parcels is $2,799,000. 101 Elliott Street is six detached cottage residences on 23,750 square feet at the eastern edge of downtown Winters, one block from Main Street and bordering Winters City Park, a community garden, and the Putah Creek Nature Reserve. The City of Winters owns the adjoining land on three sides. Together with 102 Elliott Street, the offering totals thirteen cottage residences on 1.03 acres. These are freestanding homes with private entries, private yards, and off street parking arranged around a shared gravel court under mature trees, not apartment units. The City has confirmed no additional density can be created on either parcel, making this an irreplaceable housing type in a supply constrained market. Ownership acquired both parcels in 2003 and has reinvested continuously rather than deferring. Most roofs have been replaced within the last six years, with additional roofing underway. Nearly every window has been replaced. Kitchens, counters, and flooring are rebuilt on turnover, sewer and water laterals have been replaced, and the electrical service was upgraded and passed inspection in 2026. 101 Elliott produces $129,480 of gross scheduled income with a stabilized net operating income of $79,712, a 6.38 percent return at $1,249,000, or $208,167 per residence. Combined with 102 Elliott, the portfolio produces $281,400 of gross scheduled income and $172,480 of net operating income, a 6.16 percent stabilized return at the combined price. The City of Winters has confirmed in writing that the storage structure at the property entrance may be converted to a shared laundry facility with a building permit. Conversion to an additional residential unit would require a General Plan Amendment and zone change, along with a conditional use permit depending on the zone sought, and City approval through a public hearing process. The City states approval is possible but not guaranteed. No application has been submitted.