Listing courtesy of John W Garrett from Marcus & Millichap Real Estate Investment Services, Inc..
Rare 16-unit townhouse community in a fantastic Junior College neighborhood location featuring two-story, two-bedroom, 1.5-bath units with private yards and no shared walls above or below. Stable in-place income with upside to an above market cap rate rate once market rent have been achieved and a RUBS program has been implemented. Proven value-add opportunity through a renovation program already completed on five units. Located just 0.7 miles north of downtown on a quiet, tree lined street with no through traffic. Convenient access to Downtown Santa Rosa, Railroad Square, SMART rail, Highway 101, parks, schools, and Sonoma County employment centers.