2307 heidi place, santa rosa, ca 95407
CONVENIENT....TO MOST EVERYTHING! CONVENIENT....TO MOST EVERYTHING!
Cash Cow! PROPERTY DESCRIPTION Cash Cow!
Well maintained fourplex in quiet cul-de-sac loca5on. Property consists of 4 spacious two bedroom/ one bath units, with living/dining room combos, electric ranges and forced heat . The two boBom units enjoy sizable pa5os and all four units share a convenient coin operated laundry room. Premium double lot with 8 covered spaces and addi5onal on-street parking. The buildings are of wood frame construc5on, stucco siding with a pitched composi5on roof. Two units have been upgraded with new kitchen cabinets, countertops, laminate floors, stoves, new bathroom floors, and vani5es. New dual pane windows have been installed throughout. Units have separate electric meters, with a 5th “owner’s meter” designated for the laundry room. Low vacancy factor and high rental growth provides for a dynamic investment opportunity. LOCATION LOCATION LOCATION The property is located in Santa Rosa city limits, just 50 miles north of the Golden Gate Bridge. Close proximity to the Coddington Mall, Charles M. Schultz museum, Whole Foods , bike and walking paths and transporta5on lines. Easy access to highway 101 and only ½ mile from the pending Smart Train Guerneville Rd Sta5on.
• APN: 041-180-016 • 3,576 SQ FT MULTI UNIT BUILDING • 7,425 LOT SQ FT • 4 SINGLE STORY 2 BED/ 1 BATH UNITS • 2 DOWNSTAIRS UNITS WITH PATIO ACCESS • 2 UPSTAIRS UNITS • 8 CARPORT SPACES • NET INCOME $66,332/YEAR • UNITS ARE 100% OCCUPIED
Income and Expense Report - Page 1
Income and Expense Report – Page 2
**The above is a working document primarily based on past performance. Some esGmates may be based on limited informaGon. All income and expenses should be verified by buyer during escrow. Expenses are based on 12-month period ending 3/31/16. Taxes are based on the proposed purchase price. Cap rate projecGons have been rounded to the highest whole number.
2D Floor plan – 1st Floor
2D Floor plan – 2nd Floor
City of Santa Rosa Economic Profile ■ The popula5on of Santa Rosa in 2015 was 171,827, and according to Environmental Systems Research Ins5tute (ESRI) projec5ons, it is expected to rise about 2.7% to 176,549 by 2020.
■ Santa Rosa’s seasonally unadjusted unemployment rate was 4.8% in June 2015, higher than Sonoma County (4.3%), but lower than California (6.2%) and the na5on (5.5%) for the same month. ■ Between 2000 and 2015, the median household income in Santa Rosa grew by 13% to $57,602. Looking into 2020, this growth is expected to con5nue, with median income rising to $67,708, an increase of 17.5% from 2015. ■ In the second quarter of 2015, Retail and Office vacancy rates in Santa Rosa have leveled off at 3.3% and 16.1% respec5vely, while the Industrial vacancy rate fell to 8.7% ■ In 2015, the median sales price of an exis5ng single family detached home in Sonoma County was $548,840. This is $72,850 more than California’s median sales price of $475,990 but $241,740 cheaper than the median sales price of the San Francisco Bay area. Overall, home prices have been rising and are nearing their 2006 peak.
* InformaGon provided by The Sonoma County Economic Development Board
Cash Cow! PROPERTY DESCRIPTION Cash Cow!
Well maintained fourplex in quiet cul-de-sac loca5on. Property consists of 4 spacious two bedroom/ one bath units, with living/dining room combos, electric ranges and forced heat . The two boBom units enjoy sizable pa5os and all four units share a convenient coin operated laundry room. Premium double lot with 8 covered spaces and addi5onal on-street parking. The buildings are of wood frame construc5on, stucco siding with a pitched composi5on roof. Two units have been upgraded with new kitchen cabinets, countertops, laminate floors, stoves, new bathroom floors, and vani5es. New dual pane windows have been installed throughout. Units have separate electric meters, with a 5th “owner’s meter” designated for the laundry room. Low vacancy factor and high rental growth provides for a dynamic investment opportunity. LOCATION LOCATION LOCATION The property is located in Santa Rosa city limits, just 50 miles north of the Golden Gate Bridge. Close proximity to the Coddington Mall, Charles M. Schultz museum, Whole Foods , bike and walking paths and transporta5on lines. Easy access to highway 101 and only ½ mile from the pending Smart Train Guerneville Rd Sta5on.
• APN: 041-180-016 • 3,576 SQ FT MULTI UNIT BUILDING • 7,425 LOT SQ FT • 4 SINGLE STORY 2 BED/ 1 BATH UNITS • 2 DOWNSTAIRS UNITS WITH PATIO ACCESS • 2 UPSTAIRS UNITS • 8 CARPORT SPACES • NET INCOME $66,332/YEAR • UNITS ARE 100% OCCUPIED
Income and Expense Report - Page 1
Income and Expense Report – Page 2
**The above is a working document primarily based on past performance. Some esGmates may be based on limited informaGon. All income and expenses should be verified by buyer during escrow. Expenses are based on 12-month period ending 3/31/16. Taxes are based on the proposed purchase price. Cap rate projecGons have been rounded to the highest whole number.
2D Floor plan – 1st Floor
2D Floor plan – 2nd Floor
City of Santa Rosa Economic Profile ■ The popula5on of Santa Rosa in 2015 was 171,827, and according to Environmental Systems Research Ins5tute (ESRI) projec5ons, it is expected to rise about 2.7% to 176,549 by 2020.
■ Santa Rosa’s seasonally unadjusted unemployment rate was 4.8% in June 2015, higher than Sonoma County (4.3%), but lower than California (6.2%) and the na5on (5.5%) for the same month. ■ Between 2000 and 2015, the median household income in Santa Rosa grew by 13% to $57,602. Looking into 2020, this growth is expected to con5nue, with median income rising to $67,708, an increase of 17.5% from 2015. ■ In the second quarter of 2015, Retail and Office vacancy rates in Santa Rosa have leveled off at 3.3% and 16.1% respec5vely, while the Industrial vacancy rate fell to 8.7% ■ In 2015, the median sales price of an exis5ng single family detached home in Sonoma County was $548,840. This is $72,850 more than California’s median sales price of $475,990 but $241,740 cheaper than the median sales price of the San Francisco Bay area. Overall, home prices have been rising and are nearing their 2006 peak.
* InformaGon provided by The Sonoma County Economic Development Board
