151 157 Eddy Drive Santa Rosa CA 95407 MLS #325016476

This single-story, four-unit apartment building features two-bedroom, one-bath units, each with its own spacious backyard and front patio courtyard. Situated on a corner lot, the property offers added privacy. Every unit includes a one-car garage with washer and dryer hookups, and two units provide direct interior access. Long-term tenants currently pay below-market rents, projected to generate over $93K(+/-) in annual gross income. With minimal operating expenses, the property’s projected net operating income is expected to exceed $74K(+/-) per year, yielding an impressive cap rate of over 8%(+/-). One move-in ready unit is vacant until the saleideal for owner-occupant buyers looking to secure both a home and an investment property. The property is connected to a public sewer and currently uses a shared well, but it has been approved for annexation into the City of Santa Rosa for public water. Priced at just $225,000 per unit, this offering presents an exceptional investment opportunity for both investors and first-time buyers alike.
Listing courtesy of Aaron Pardo at Compass

Property Details

Price:
$900,000
MLS #:
325016476
Status:
Active
Baths:
0
Address:
151 157 Eddy Drive
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
santarosasouthwest
City:
Santa Rosa
State:
CA
Finished Sq Ft:
2,912
ZIP:
95407
Lot Size:
13,200 sqft / 0.30 acres (approx)
Year Built:
1970

Schools

Interior

Exterior

Financial

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

Since being licensed in 2003, I have represented hundreds of home buyers and sellers. My passion for real estate and commitment to my clients inspired me to elevate my license status to Broker, the highest licensing credential in real estate. This allows me to represent my clients with a broader skill set and a deeper understanding of the industry.I work hard to ensure my clients’ success, with a focus on engaging in a direct and personalized way. My approach to real estate is modern and strai…

More About Patrick
151 157 Eddy Drive
Santa Rosa, CA