14
See all 14 photos
$11,800,000
Est. payment /mo
2.8 Acres Lot
Active
725 W College AVE Santa Rosa, CA 95401
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82046798
HOA Y/N No
Year Built 1985
Annual Tax Amount $124,251
Lot Size 2.800 Acres
Property Description
Cedarwood Apartments is a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa, offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa) The property features a 3BR-heavy unit mix 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving 9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. 97% occupied and immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.
Location
State CA
County Sonoma
Area 699 - Not Defined
Zoning CITYSR
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 152080060000
Special Listing Condition Standard
Listed by Adam Foley CBRE, Inc. #02144332
NEARBY SCHOOL & BUSINESS