Welcome to the Columbia Way Apartments, a well-located 20-unit apartment complex in the heart of Sonora, CA. Positioned just off highway 49 and near Downtown Sonora, this 73,870 SF property offers strong fundamentals and immediate upside potential. The unit mix consists entirely of two-bedroom apartments, catering well to tenants seeking affordability, space, and convenience. Approximately 70% of the units have been remodeled, featuring vinyl plank flooring, updated kitchens, and dual-pane windows. Ownership has also made exterior improvements, including entire walkways, curb updates and parking lot repairs. The property maintains an average tenancy of nearly 5 years, reflecting minimal turnover and ease of management. Current rents are estimated to be 75% below market, providing a value­ add opportunity for the next investor. Zoned R-3, the asset benefits from residential zoning while remaining in close proximity to the city's commercial core.