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Description

This is a very clean, Pride of Ownership Investment in an area of updated homes and offices. The second floor is a 3 bedroom, 2 bath apartment with a large living room and an office/den. The apartment was remodeled in 2021 and 4 mini split air conditioning units were installed. Ground floor has been occupied by E Studio, a personal training studio since 2005. Several years are remaining on the lease and they have an option to renew for an additional term. Tenants pay all utilities and the ground floor tenant is responsible for maintaining the landscaping and irrigation system. Second floor is under market rate. Lease rate can be increased at the beginning of the next lease year. Ground floor increases 2% each May 1. Second floor is on a one year lease. Rental rate is below market and should be increased in the future. Proforma market rate $2,200-$2,500 per month.

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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: 2021-09-23T15:57:14.147.
www.hiraethhomes.com/homes/121433112
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621 Humboldt Street Santa Rosa, CA 95404

  • Price: $1,230,000
  • Status: Active
  • Updated: 26 min ago
  • ID#: 321088616
0
Beds
0
Baths
0
½ Baths
0.23
Acres
3,188
SQFT
$386
$/SQFT
1900
Built
Neighborhood:
Santa Rosa-Northeast
County:
Sonoma
Area:
Santa Rosa-Northeast
Property Description
This is a very clean, Pride of Ownership Investment in an area of updated homes and offices. The second floor is a 3 bedroom, 2 bath apartment with a large living room and an office/den. The apartment was remodeled in 2021 and 4 mini split air conditioning units were installed. Ground floor has been occupied by E Studio, a personal training studio since 2005. Several years are remaining on the lease and they have an option to renew for an additional term. Tenants pay all utilities and the ground floor tenant is responsible for maintaining the landscaping and irrigation system. Second floor is under market rate. Lease rate can be increased at the beginning of the next lease year. Ground floor increases 2% each May 1. Second floor is on a one year lease. Rental rate is below market and should be increased in the future. Proforma market rate $2,200-$2,500 per month.
Exterior Features

Foundation Details Concreteperimeter Location Neighborhood Lot Features Landscape FrontSidewalkSidewalk/Curb/Gutter Parking Total 13 Road Frontage Type AlleyCity Street Roof CompositionShingle Walls Sheetrock

Interior Features

Cooling CentralDuctlessEvaporative CoolerHeat PumpIndividual Air Floor 0 Flooring CarpetCombo Of Materials Heating Central

Property Features

Accessibility Features AccessibleapproachwithrampAccessibledoors Auction No Availability Date 1800-01-01T00:00:00 Current Use Mixed UseResidentialRetail Dock Doors 0 Electric Separate Electric Meter Height Limit Unknown Income Includes Rent Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 99.99 Load Factor 0 Office Sq Ft 0 Operating Expense Includes InsuranceMaintenance StructureProperty Tax Percent Office 0 Property Sub Type Mixed Use Property Type Commercialsale Retail Sq Ft 1651 Sewer Public Sewer Structure Type ApartmentMixed UseRetail Utilities Dish AntennaDsl AvailableInternet AvailableNatural Gas ConnectedSeparate Gas MeterVaries By Unit Warehouse Sq Ft 0 Water Source Public Zoning Description Nmu Neighborhood Mixed Use

Listing information © 2021 Bay Area Real Estate Information Services.
Listing courtesy of Vicki Greenbaum of Northbay Leasing And Sales.


© 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: 2021-09-23T15:57:14.147.
 
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Hiraeth Homes
500 Bicentennial Way Ste. 310
Santa Rosa CA, 95403