823-825 Wheeler St - Apartments FOR SALE


Santa Rosa, CA 95404- Burbank Gardens
$1,790,000 USD
415-747-2150
823-825 Wheeler St, Santa Rosa, CA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/26
null | 5.92% Cap Rate

823-825 Wheeler St
Santa Rosa, CA 95404
Burbank Gardens


HIGHLIGHTS

  • Excellent Burbank Gardens Neighborhood
  • New Roofs, Paint & Electrical Panels
  • In-Unit Laundry (All Units)
  • Separate Water Meters
  • 6 Garages
  • Great Unit Mix

OVERVIEW

Excellent opportunity to acquire a charming and well-maintained 6-unit apartment complex situated on a level lot in the highly desirable Burbank Gardens neighborhood of Santa Rosa, CA. This unique investment opportunity features a strong unit mix and classic architectural character, with four spacious 2-bedroom units located in the front two buildings, originally constructed in 1938, and two well-appointed 1-bedroom units in a separate rear building built in 1953. The property has been thoughtfully cared for, with recent improvements including brand new exterior paint, all new electrical panels, and new roofs on all three buildings, ensuring long-term durability and reduced maintenance costs for the new owner. Each unit is separately metered for gas, electric, and water, offering excellent utility cost control and operational efficiency. All six units feature in-unit laundry, providing added convenience for tenants and enhancing the property’s rental appeal.

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

6

PRICE/UNIT

$298,333

CAP RATE

5.92%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

-

APN/PARCEL ID

009-253-024

ASK ABOUT THIS PROPERTY

Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

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Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

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