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Listed by John W Garrett • Marcus & Millichap Real Estate Investment Services, Inc.
$5,100,000
Est. payment /mo
1,100 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 325025615
Bedrooms 1100
HOA Y/N No
Year Built 2006
Property Sub-Type 5 or More Units
Property Description
Santero Lofts is a boutique, luxury multifamily property offering modern loft living in the heart of Sonoma County. Fully occupied as rental units, and in immaculate condition, Santero Lofts is an exceptionally rare investment asset in the North Bay market due to it's size, quality, and flexibility of exit options. The 14 lofts are individually mapped as condominiums and could be sold individually at a substantial premium above the bulk purchase price, offering an appealing exit option for flip investors. For buy and hold investors, there is significant upside to realize by moving rents to market rates. Built in 2006, the lofts offer unparalleled finishes in the local rental market. 19 foot ceilings soar over polished concrete floors, while oversized windows flood the lofts with natural light. Large walk-in closets and massive jacuzzi-style tubs complement the sleeping area in each unit. The kitchens are fully equipped and have stunning cabinetry and granite countertops. Immediately adjacent to the buildings is a beautiful HOA managed park for tenant enjoyment - six of the lofts open up directly to the park providing tenants the best of indoor/outdoor living. Rarely do you find such a high quality investment property at this scale and with such prolific upside.
Location
State CA
County Sonoma
Area Cotati/Rohnert Park
Interior
Heating Central
Cooling Ceiling Fan(s)
Exterior
Parking Features Off Street, Uncovered
Garage Spaces 27.0
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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