MLS#ML82046785
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
CBRE, Inc.
Agency Phone: 4084537400
Associate Name: Adam Foley
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
North Street Apartments is a 32-unit value-add multifamily community in Santa Rosa offered for purchase individually or as a portfolio with Cedarwood Apartments (725 W College Ave, Santa Rosa). Built in 1970 on 1.14 acres, the property features a 2BR-dominated unit mix averaging 988 SF, 97% occupancy, and approximately $250,000 in recent capital improvements (reroofing, exterior paint, asphalt, pool, lighting, landscaping). In-place rents average $2,384, with $94/unit of immediate mark-to-market upside and an additional $91/unit achievable through interior renovations laminate flooring, kitchen/bath finishes, and in-unit W/D installation in the remaining 15 units. A 30% RUBS program is already in place. Pool, on-site parking, and a quiet residential location near Santa Rosa Junior College, Downtown Santa Rosa, and Highway 101.
Property Features
Property Type: Commercial - Business
Heating: Electric
Lot Size: 1.14 Acres
Roof Type: Flat
Taxes: $100,030
Year Built: 1960
Feature Descriptions
Days on Site: 11
Parcel#: 180440054000
Water: Public
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: CBRE, Inc.
Agent Name: Adam Foley
Agency Phone: 4084537400
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
1570 North Street | MLS# ML82046785
This commercial property located at 1570 North Street, Santa Rosa, CA 95404 is currently listed for sale with an asking price of $8,900,000. North Street is located within the Other school district. Search Santa Rosa real estate on www.farrellsmyth.com today.