Skip To Content

    2378 Heidi Place

    Santa Rosa, CA 95403
    • $1,400,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 321042696
    UPDATED: 183 min ago
    $1,400,000
    • 8
      BEDS
    • 0.22
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 4,824
      SQFT
    • $290
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    2378 Heidi Place is comprised of (1) two-bedroom, one-and-one-half bath townhome unit, and (4) two-bedroom, one-bath unit apartments in a single building situated at the end of a cul-de-sac that is comprised entirely of small multifamily properties. The property is in a very convenient rental location in northwest Santa Rosa, walking distance to Coddingtown Mall, home of Whole Foods, Target, and many other brand name shopping, dining, and entertainment options. The Children's Museum of Sonoma County is around the corner, and access to Hwy 101 is less than one mile away. The property presents an excellent investment opportunity as it provides stable in place income at a going-in Cap Rate of 5.13% plus an estimated 9% upside in rents, which once captured should deliver the investor an estimated 5.68% Cap Rate. With a 40% down payment, and attractive market rate financing of 3.35% for a 5-year fixed loan, an investor could achieve an estimated 6.27% cash-on-cash return at market rents.

    Monthly Payment Calculator



    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2021-06-20T23:56:17.553.
    www.hiraethhomes.com/homes/117391085
    Print Image

    2378 Heidi Place Santa Rosa, CA 95403

    • Price: $1,400,000
    • Status: Active
    • Updated: 183 min ago
    • ID#: 321042696
    8
    Beds
    4
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,824
    SQFT
    $290
    $/SQFT
    1972
    Built
    Neighborhood:
    Santa Rosa-Northwest
    County:
    Sonoma
    Area:
    Santa Rosa-Northwest
    Property Description
    2378 Heidi Place is comprised of (1) two-bedroom, one-and-one-half bath townhome unit, and (4) two-bedroom, one-bath unit apartments in a single building situated at the end of a cul-de-sac that is comprised entirely of small multifamily properties. The property is in a very convenient rental location in northwest Santa Rosa, walking distance to Coddingtown Mall, home of Whole Foods, Target, and many other brand name shopping, dining, and entertainment options. The Children's Museum of Sonoma County is around the corner, and access to Hwy 101 is less than one mile away. The property presents an excellent investment opportunity as it provides stable in place income at a going-in Cap Rate of 5.13% plus an estimated 9% upside in rents, which once captured should deliver the investor an estimated 5.68% Cap Rate. With a 40% down payment, and attractive market rate financing of 3.35% for a 5-year fixed loan, an investor could achieve an estimated 6.27% cash-on-cash return at market rents.
    Exterior Features

    Carport Spaces 0 Covered Spaces 5 Independent Parking Spaces 0 Lot Features Cul-De-Sac Open Parking Spaces 4 Parking Features Covered Parking Total 9 Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 0 2 Bedroom Units Total 5 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Varies By Unit Heating CentralVaries By Unit Laundry Features Laundry ClosetWasher/Dryer Hookups Studio Units Total 0

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 108840 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters Gas Sewer Public Sewer Subtype Description Apartments Tenant Pays ElectricityGas Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of John W Garrett of Marcus & Millichap.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2021-06-20T23:56:17.553.
     
    https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90251548-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90251548-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90251548-2.jpg
    Logo
    Hiraeth Homes
    500 Bicentennial Way Ste. 310
    Santa Rosa CA, 95403