615-623 McDonald Ave - Apartments FOR SALE


Santa Rosa, CA 95404- Junior College
$1,898,000 USD
707-480-7653
615-623 McDonald Ave, Santa Rosa, CA for Sale
$1,898,000 USD
Apartments - FOR SALE
1/29
null | 5.37% Cap Rate

615-623 McDonald Ave
Santa Rosa, CA 95404
Junior College


HIGHLIGHTS

  • Best street in Santa Rosa - surrounded by series of 100+ year old mansions/homes
  • Very well improved/cared for units - very high rental demand - long term property manager (16+ years)
  • Great parking - upgraded electrical - dual pane windows - community laundry room

OVERVIEW

Welcome to an exceptional 7-unit investment opportunity in one of Santa Rosa's most coveted locales - McDonald Avenue. This suite of buildings makes you think Melrose Place (without the pool) in the vibrant city of Santa Rosa offering a versatile mix of high-demand units that are known for achieving top of market rents. This expansive property offers approximately 4,150sf of living space while being situated in a very desirable residential area amongst mansions'' on a pristine 9,000sf. Comprised of (3) Studio units, (3) 1-BR units and (1) large 3Br/2Ba set atop (5) 1-car garage spaces affording parking & storage solutions along w a common laundry service area. Designed w both functionality & modern living in mind, this property features updated kitchens in some units, ensuring a contemporary cooking experience with stylish finishes & efficient layouts all while satisfying the requirements of tenants in the marketplace. The updated flooring & baths in several units further enhance the appeal, providing a fresh & inviting atmosphere. The dual pane windows throughout the buildings, promote efficient energy consumption while ensuring a quiet, serene environment - uncommon in most multi-unit buildings. Residents enjoy a communal patio, perfect for social gatherings or relaxation...

FOR SALE DETAILS

PRICE

$1,898,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,143

CAP RATE

5.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CITYSR, Santa Rosa

APN/PARCEL ID

180-810-040

ASK ABOUT THIS PROPERTY

Jeffrey SchweenCOMPASS CommercialMore Info
707-480-7653

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Jeffrey SchweenCOMPASS CommercialMore Info
707-480-7653

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.