For Sale: $1,295,000 | Pro Forma CAP Rate 4.83%
Investment Overview
The subject property provides an incredible opportunity for investors to own a 1980s vintage fourplex on a tree-lined street in the heart of Sonoma wine country. Given the year of construction, it has withstood the test of time and is in very good shape. Each unit boasts private balconies, backyards, in-unit washer/dryer units and enclosed garages - a set of amenities that retains tenants for the long term and competes very well in the rental marketplace. Furthermore, the townhouse-style units offer a comfortable living experience that is superior to flat-style apartments in the area. At a 4.83% cap rate on current income, the cashflow is relatively high with significant upside to be realized with higher rents, as well as eliminating water expenses with an easy-to-install sub-meters on the accessible supply lines on the exterior. Shopping and supermarkets, highways and freeways, as well as local schools and bus stops are in close proximity to the property.
Showing Schedule
*By Appointment Only
Property Highlights
4.83% in-place cap rate 6.54% pro forma
Rents below market with upside potential
Submetered for water, gas and electric
Desirable Unit Mix and Amenities:
(4) large 2 bed/1.5 bath Townhouse Units
Private balconies, backyards, garages, AND in-unit washer/dryers
Location, Location, Location
Located in close proximity to local schools, bus stops, supermarkets, shopping, freeways, etc.
Beautiful tree-lined street in a quiet neighborhood
Centrally located in the heart of Sonoma County
Principal, Broker
Joe Budka
D: 831-275-0025
E: joe@redwoodpropertyco.com
DRE#01913402; DRE#02166543
Managing Director
Nick Oliver
D: 831-275-0025
E: nick@redwoodpropertyco.com
DRE#02133612
Principal
Alex Budka
D: 831-275-0025
E: alex@redwoodpropertyco.com
DRE#01913403
