1855 Petaluma Hill Road

Description

Excellent opportunity to acquire a 39-unit apartment complex on over two acres of land that will cash flow on day one and includes the potential to add additional units. Highlighted by a unit mix of one (1) 3-bedroom, 2-bath single family home, one (1) 3-bedroom cottage, four (4) 2-bedroom units, thirteen (13) 1-bedroom units and twenty (20) studio units, the subject property sits on multiple parcels in southern Santa Rosa, CA. Most of the units are individual cottages with no shared walls, which makes the apartments highly desirable in comparison to other traditional apartment complex layouts. The subject property features an on-site laundry room with attached workshop and office, three extra storage buildings, on-site parking and a substantial portion of the utilities are billed back to the tenants. The property is located minutes away from Santa Rosa Marketplace Shopping Center, which includes Costco, Target, Best Buy, Marshalls, Sports Basement, Starbucks, Trader Joe's and many other shops and restaurants. Located just 1.5 miles south of Downtown Santa Rosa, the apartment complex is well located near public transportation, numerous entertainment options and various city amenities.