725 W College AVE, Santa Rosa, CA 95401
- $11,800,000
- 39,250
- SqFt
Listing courtesy of Adam Foley from CBRE, Inc.. 415-535-7414
- List Price
- $11,800,000
- Status
- ACTIVE
- MLS#
- ML82046798
- Subtype
- com
- Year Built
- 1985
- Living Area
- 39,250
- Lot Size
- 121,968
- Neighborhood
- Santa Rosa-Northwest
Property Description
Cedarwood Apartments is a 35-unit, condo-mapped multifamily community on 2.80 acres in central Santa Rosa, offered for purchase individually or as a portfolio with North Street Apartments (1570 North Street, Santa Rosa) The property features a 3BR-heavy unit mix 25 three-bed/2.5-bath townhome-style units averaging 1,230 SF and 10 two-bed flats with individual furnaces, individual hot water heaters, attached garages, and a pool. In-place rents average $2,854, leaving 9% of mark-to-market upside ($253/unit) and an additional $268/unit achievable through interior renovations and exterior siding upgrades. The condo map provides flexible long-term exit optionality. 97% occupied and immediate proximity to Santa Rosa Plaza, Highway 101, and Downtown Santa Rosa.
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Additional Information
- Zoning
- CITYSR
- Roof
- Flat / Low Pitch
- Foundation
- Crawl Space
- Pool
- Yes
- Pool Type
- Pool - In Ground
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