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560 Dexter Street

Santa Rosa, CA 95404
  • $4,250,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: 323031928
UPDATED: 25 min ago
$4,250,000
  • 3
    BEDS
  • 0.4
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 9,700
    SQFT
  • $438
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

School Ratings & Info

Description

The Town & Country South Apartments offer an opportunity to acquire a clean, well maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Located in the coveted Junior College district of Central Santa Rosa, Town & Country South boasts convenience and charm. Desirable unit mix of 8-1 bedrooms, 6-2 bedrooms, and 2-studios. Initial cash flow of $58,872 grows to $102,348 at market rents and total return grows to a staggering $130,712 including principal reduction. The starting cap rate of 4.81% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country South Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY NORTH

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© 2023 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McGuire Real Estate. Data last updated: 2023-06-10T13:56:36.13.
www.mcgrealtors.com/homes/139571525
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560 Dexter Street Santa Rosa, CA 95404

  • Price: $4,250,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 25 min ago
  • ID#: 323031928
3
Beds
3
Baths
0
½ Baths
0.4
Acres
9,700
SQFT
$438
$/SQFT
1959
Built
Neighborhood:
Santa Rosa-Northeast
County:
Sonoma
Area:
Santa Rosa-Northeast
Property Description
The Town & Country South Apartments offer an opportunity to acquire a clean, well maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Located in the coveted Junior College district of Central Santa Rosa, Town & Country South boasts convenience and charm. Desirable unit mix of 8-1 bedrooms, 6-2 bedrooms, and 2-studios. Initial cash flow of $58,872 grows to $102,348 at market rents and total return grows to a staggering $130,712 including principal reduction. The starting cap rate of 4.81% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country South Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY NORTH
Exterior Features

Carport Spaces 20 Covered Spaces 0 Foundation Details Slab Independent Parking Spaces 0 Lot Features Landscape FrontSidewalk Open Parking Spaces 0 Parking Features CoveredOff Street Parking Total 20 Roof Composition Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 8 2 Bedroom Units Total 6 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Wall Unit(S) Heating ElectricWall Furnace Laundry Features Coin OperatedIn Common AreaWasher/Dryer Leased Studio Units Total 2

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01 Gross Income 310963 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Tenant Pays Dues/FeesElectricityGasOther Water Source Public

Listing information © 2023 Bay Area Real Estate Information Services. Listing courtesy of Katherine Y Raphael of Norcal Commercial: 415-927-8888.


© 2023 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McGuire Real Estate. Data last updated: 2023-06-10T13:56:36.13.
 
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