1570 North ST, Santa Rosa, CA 95404
- $8,900,000
- 31,600
- SqFt
Listing courtesy of Adam Foley from CBRE, Inc.. 415-535-7414
- List Price
- $8,900,000
- Status
- ACTIVE
- MLS#
- ML82046785
- Subtype
- com
- Year Built
- 1960
- Living Area
- 31,600
- Lot Size
- 49,658
- Neighborhood
- Santa Rosa-Northeast
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.
Additional Information
- Zoning
- CITYSR
- Roof
- Flat / Low Pitch
- Foundation
- Crawl Space
- Pool
- Yes
- Pool Type
- Pool - In Ground
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