Description
The Town & Country South Apartments offer an opportunity to acquire a clean, well maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Located in the coveted Junior College district of Central Santa Rosa, Town & Country South boasts convenience and charm. Desirable unit mix of 8-1 bedrooms, 6-2 bedrooms, and 2-studios. Initial cash flow of $58,872 grows to $102,348 at market rents and total return grows to a staggering $130,712 including principal reduction. The starting cap rate of 4.81% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country South Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY NORTH
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3BEDS
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0.4ACRES
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3BATHS
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01/2 BATHS
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9,700SQFT
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$438$/SQFT
School Ratings & Info
Description
The Town & Country South Apartments offer an opportunity to acquire a clean, well maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Located in the coveted Junior College district of Central Santa Rosa, Town & Country South boasts convenience and charm. Desirable unit mix of 8-1 bedrooms, 6-2 bedrooms, and 2-studios. Initial cash flow of $58,872 grows to $102,348 at market rents and total return grows to a staggering $130,712 including principal reduction. The starting cap rate of 4.81% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country South Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY NORTH
© 2023 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 Lisa Alapa | Coldwell Banker Realty. Data last updated: 2023-05-28T15:56:30.