$1,348,000
Rare opportunity to own a turn key 4-unit apartment property located in the coveted rental market of Cotati, CA. Buyer to verify, but City permitting said it should be possible to add two ADU's to the property. Huge profit potential with limited impact on current tenants. Value Add!!! Comprised of four spacious 2-bedroom, 1-bath units, this highly desirable investment property features upgraded units, four assigned parking spaces in a covered carport, locking metal security screen doors, and strong income. This unique investment is fully occupied and situated on a parcel towards the end of a dead-end road in quiet Cotati. The fourplex features four spacious 2-bedroom, 1-bath units, including energy efficient fit & finish details throughout. Located in a desirable, tenant-friendly neighborhood near schools, parks, public transportation (minutes away from the SMART train station), shopping, restaurants, convenient highway access, and other amenities of Sonoma County. This property benefits from consistent rental demand. The property is also near Sonoma State University, Graton Casino and Spreckels Performing Arts Center If you are expanding your portfolio or searching for a well-positioned turnkey income-generating asset, this excellent 4-unit apartment building delivers on all fronts. Units are separately metered for gas and electricity but have an agreement to split water and sewer amongst them and it has never been an issue.
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Listed by Brian Reschke with Brian P. Reschke, Broker (858) 603-2040
Property Type
Residential Income
Status
Active
MLS Number
2600982SD
Year Built
1972
Lot Size
7,501 sq ft