SOLD TOGETHER WITH 101 ELLIOTT STREET, APN 003-222-020-000. This parcel is not offered separately. Combined offering price for both parcels is $2,799,000. 102 Elliott Street is seven residences across five freestanding cottages and one duplex cottage on 21,250 square feet at the eastern edge of downtown Winters, one block from Main Street and directly adjoining the Putah Creek Nature Reserve. The parcel also borders Winters City Park and a community garden, with the City of Winters owning the adjoining land on three sides. Together with 101 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 unit mix is two studios, three one bedroom, and two two bedroom residences, with the two bedroom cottages the largest in the portfolio and commanding the highest rents. All seven residences are occupied. Ownership acquired both parcels in 2003 and has reinvested continuously rather than deferring. Roofs on units 1 and 2 were replaced in August 2026, with additional roofing underway across the portfolio. 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. 102 Elliott produces $151,920 of gross scheduled income with a stabilized net operating income of $92,767, a 5.98 percent return at $1,550,000, or $221,429 per residence. Combined with 101 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. Five of the thirteen residences across both parcels are on month to month tenancies, with fixed term leases running into 2027, giving an incoming owner near term flexibility as tenancies turn, subject to the California Tenant Protection Act. 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.