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Listed by John W Garrett Marcus & Millichap Real Estate Investment Services, Inc.
$ 8,550,000
Est. payment | /mo
19,383 SqFt
$ 8,550,000
Est. payment | /mo
19,383 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 19,383 sqft
Price per Sqft $441
MLS Listing ID 326054445
HOA Y/N No
Year Built 1968
Lot Size 1.070 Acres
Acres 1.07
Property Sub-Type 5 or More Units
Property Description
The Grove Apartment Homes is a stabilized 38-unit garden-style multifamily community located in southeast Rohnert Park, California. It is situated on four contiguous parcels totaling 1.07 acres and consists of four two-story residential buildings and one on-site laundry facility. The property offers a swimming pool, grassy picnic area, and mature landscaping. Thirty-five of 38 units have one-bedroom floor plans. There is also one studio, a two-bedroom unit, and a large three-bedroom unit. The property has received significant improvements in recent years with 37 of 38 units being remodeled, new balcony railings, new exterior paint, new BBQ area, and more. The location is great for tenants due to the proximity to retail, schools, parks, and transportation. This is an ideal investment opportunity for buyers seeking stable, long term cashflow.
Location
State CA
County Sonoma
Area Cotati/Rohnert Park
Rooms
Basement None
Interior
Heating Baseboard
Cooling Ceiling Fan(s)
Laundry Coin Operated, Common Area, Washer/Dryer Leased
Exterior
Waterfront Description Public
Total Parking Spaces 49
Private Pool No
Building
Lot Description Central BBQ, Corner Lot
Sewer Public Sewer
Water Public
Others
Tax ID 143150044000
Special Listing Condition Offer As Is
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