1570 North Street, Santa Rosa, CA 95404
List Price: $8.9M
Listing Status: Active
0Days on Market: 153
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1960
Lot Size: 49,658 sq ft
Annual Property Tax: $100,030
MLS Number: ML82046785
About This Property
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.
Listing provided by: Adam Foley DRE #02144332 4084537400 adam.foley@cbre.com, CBRE, Inc.
Source: CRMLS, MLS #: ML82046785
The listing office is CBRE, Inc.. Belmont Brokerage Inc. (DRE #02431308) provides buyer representation and consultation. Tour and contact requests go to a Belmont agent.