Bought with Mark Altes • Compass
Compass
$1,665,000
$1,690,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
3,100 Beds
3 Baths
5,832 SqFt
SOLD DATE : 10/14/2021
Key Details
Sold Price $1,665,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,832 sqft
Price per Sqft $285
MLS Listing ID 321053290
Sold Date 10/14/21
Bedrooms 3100
HOA Y/N No
Year Built 1944
Lot Size 0.706 Acres
Property Sub-Type 5 or More Units
Property Description
15096-15098 Old River Road- This extremely charming perfectly located Multi-Unit property is thriving! Recently updated and fully Leased. The property consists of 10 1 bedroom units with Kitchenettes, hardwood floors, and chic tile bathrooms. As well as a 3 bedroom 1 bath home upstairs with separate 3 bedroom 2 bath below. The 2 homes share a common area that include a recently updated pool. The property also consists of a bonus unit and 5 independent storage units that have added income to peak the cap rate to 5.4% (Pro-forma). The location across the street from the river and a short walk to downtown Guerneville combined with the zoning (K Zoning) make this property a desirable asset to ones portfolio. Owner Finance Possible.
Location
State CA
County Sonoma
Area Russian River
Interior
Heating Electric
Cooling None
Exterior
Parking Features Off Street, Uncovered
Garage Spaces 13.0
Roof Type Composition
Building
Foundation Other
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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