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Listed by John W Garrett • Marcus & Millichap Real Estate Investment Services, Inc.
$750,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 325030509
HOA Y/N No
Property Sub-Type Triplex
Property Description
18585 Manzanita Road is a well-located 3-unit multifamily property situated on a quiet residential street in the Boyes Hot Springs community of Sonoma, CA. Just one block west of Sonoma Highway, the property offers easy access to the area's shopping, dining, and everyday conveniences, while being surrounded by well-maintained homes. Built in 1953, the two-story building consists of three 1-Bed/1-Bath units, each featuring wall heaters, individual water heaters, and dishwashers. The second-story unit (Unit #3) boasts a spacious covered balcony, adding to its appeal. Additional amenities include coin-operated laundry and ample parking, with a gravel lot for six vehicles plus a single-car garage. Recent electrical upgrades, including an improved main service and subpanels, provide added value and reliability. This property represents a prime opportunity for investors looking for a bite-sized multifamily asset with significant cash flow potential. With rents positioned below market, a new owner has the ability to stabilize the property, optimize rental income, and increase long-term value. Additionally, 30-year financing at competitive interest rates is available, providing mortgage stability and long-term investment security.
Location
State CA
County Sonoma
Area Sonoma
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition Subject to Court Confirmation
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