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    515 Davis Street

    Santa Rosa, CA 95401
    • $1,325,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 321067440
    UPDATED: 35 min ago
    $1,325,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,200
      SQFT
    • $255
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1907
    County:

    School Ratings & Info

    Description

    Priced significantly below replacement cost, this 9-unit apartment complex provides an excellent repositioning or development opportunity in Sonoma County. Comprised of 6 one-bedroom units and 3 studios, this high upside asset is located in the northeast quadrant of Santa Rosa, just minutes away from Downtown. The property has three separate buildings, a fourplex, triplex and duplex all on one L-shaped lot. The lower level of the triplex currently has two garages, four large rooms and a bathroom that could potentially be converted into additional units (check with the City of Santa Rosa). The property also has significant development potential to build up to 42,000 square feet of usable building space on the lot. The new owner will be able to collect income from the existing units while going through the approval process.

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    © 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: 2021-08-04T07:56:23.847.
    www.hiraethhomes.com/homes/119501001
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    515 Davis Street Santa Rosa, CA 95401

    • Price: $1,325,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 321067440
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    5,200
    SQFT
    $255
    $/SQFT
    1907
    Built
    Neighborhood:
    Santa Rosa-Northwest
    County:
    Sonoma
    Area:
    Santa Rosa-Northwest
    Property Description
    Priced significantly below replacement cost, this 9-unit apartment complex provides an excellent repositioning or development opportunity in Sonoma County. Comprised of 6 one-bedroom units and 3 studios, this high upside asset is located in the northeast quadrant of Santa Rosa, just minutes away from Downtown. The property has three separate buildings, a fourplex, triplex and duplex all on one L-shaped lot. The lower level of the triplex currently has two garages, four large rooms and a bathroom that could potentially be converted into additional units (check with the City of Santa Rosa). The property also has significant development potential to build up to 42,000 square feet of usable building space on the lot. The new owner will be able to collect income from the existing units while going through the approval process.
    Exterior Features

    Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Sidewalk Open Parking Spaces 0 Parking Features GarageOff Street Parking Total 16 Roof CompositionShingleTar/Gravel Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 6 2 Bedroom Units Total 0 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Wall Furnace Laundry Features Other Studio Units Total 3

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 85800 Property Sub Type 5 Or More Units Property Type Residentialincome Sewer Public Sewer Subtype Description Apartments Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Steven Level of Berkshire Hathaway.


    © 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: 2021-08-04T07:56:23.847.
     
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    500 Bicentennial Way Ste. 310
    Santa Rosa CA, 95403