900 Cherry St, Santa Rosa, CA 95404
- $995,000
- 2,104
- SqFt
Listing courtesy of Douglas A Swanson from Swanson Real Property, Inc
- List Price
- $995,000
- Status
- ACTIVE
- Days on Market
- 70
- MLS#
- 326057568
- Subtype
- Residential Income
- Style
- Mid-Century Modern
- Year Built
- 1950
- Living Area
- 2,104
- Lot Size
- 3,402
- Acres
- 0.08
- Neighborhood
- Santa Rosa-Northeast
- MLS Area Major
- Santa Rosa-Northeast
Property Description
This downtown mid-century modern Historic Cherry Street Triplex is located in the 'Cherry Street Historic District' which is walking distance to downtown Santa Rosa with its mall, restaurants, and shops. This is a 1950 Mid-Century Modern building in good condition and with consistent income currently $5,700 per month total. That equates to $68,000 in Gross income per year with a Net Operating Income of $45,600, representing a scheduled Capitalization Rate of roughly 5% projected for a new owner. Each unit has 1 bedroom, 1 bath, a living room, bedroom, and full kitchen. There are 2 laundry hook-ups, use varies between units. 900 Cherry is roughly 750 sq ft. 516 'A' is roughly 700 sq ft. 516 'B' is roughly 450 sq ft. Each unit is occupied with long-term tenants that would like to remain. The leases are all recently extended to April 2026 and go month-to-month thereafter. The tenants would like to remain longer term. This is a desirable neighborhood sought after by all that enjoy having such close proximity to downtown Santa Rosa and all it has to offer.
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Additional Information
- Property Description
- Mid-Century Modern
- Flooring
- Linoleum, Parquet, Tile, Wood
- Heating
- Individual, Wall Furnace
- Air Conditioning
- None
- Levels
- One
- Foundation
- Concrete Perimeter
- Parking Features
- Attached, Garage, Off Street, On Street
- Garage Spaces
- 2
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