Address
2378 Heidi Pl Santa Rosa, CA
Price
$ 1,400,000
Property Attributes
  • MLS#321042696
  • TypeMulti-Family
  • CountySONOMA
  • CitySanta Rosa
  • AreaSanta Rosa-Northwest
  • Zip95403
  • Style
  • Price$ 1,400,000
  • Bedrooms10
  • Full Bathrooms4
  • Half Bathrooms1
  • Sqr Footage4824
  • Lot Size9,749 SqFt
Listing Provided Courtesy Of:
John W Garrett with Marcus & Millichap - 818-212-2700
Data Source:
Bay Area Real Estate Information Services
Property Description

2378 Heidi Place is comprised of (1) two-bedroom, one-and-one-half bath townhome unit, and (4) two-bedroom, one-bath unit apartments in a single building situated at the end of a cul-de-sac that is comprised entirely of small multifamily properties. The property is in a very convenient rental location in northwest Santa Rosa, walking distance to Coddingtown Mall, home of Whole Foods, Target, and many other brand name shopping, dining, and entertainment options. The Children's Museum of Sonoma County is around the corner, and access to Hwy 101 is less than one mile away. The property presents an excellent investment opportunity as it provides stable in place income at a going-in Cap Rate of 5.13% plus an estimated 9% upside in rents, which once captured should deliver the investor an estimated 5.68% Cap Rate. With a 40% down payment, and attractive market rate financing of 3.35% for a 5-year fixed loan, an investor could achieve an estimated 6.27% cash-on-cash return at market rents.

Price History
5/20/2021 Listed $1,400,000

General Features

Association Y/N No
Auction No
Availability Date 1800-01-01T00:00:00
Cooling Varies by Unit
Heating Central, Varies by Unit
MLS Area Santa Rosa-Northwest
Open Parking Spaces 4
Parking Features Covered
Property SubType 5 or More Units
Property Type Residential Income
Sewer Public Sewer
Status Active
Subtype Description Apartments
Total Units 5

Interior Features

Laundry Features Laundry Closet, Washer/Dryer Hookups
Living Area 4824
Unit 1 # Of Rooms 6
Unit 1 Bedrooms 2
Unit 1 Description 2-Bdr / 1.5-Bath townhome unit with central HVAC.
Unit 1 Full Baths 1
Unit 1 Partial Baths 1
Unit 2 # Of Rooms 5
Unit 2 Bedroom Units Total 5
Unit 2 Bedrooms 2
Unit 2 Description 2-Bdr / 1-Bath flat with wall heater.
Unit 2 Full Baths 1
Unit 2 Sqft Source Not Measured
Unit 3 # Of Rooms 5
Unit 3 Bedrooms 2
Unit 3 Description 2-Bdr / 1-Bath flat with wall heater.
Unit 3 Full Baths 1
Unit 4 # Of Rooms 5
Unit 4 Bedrooms 2
Unit 4 Description 2-Bdr / 1-Bath flat with wall heater.
Unit 4 Full Baths 1

Exterior Features

Covered Spaces 5
Lot Features Cul-De-Sac
Lot Size Acres 0.2238
Lot Size Source Assessor Auto-Fill
Lot Size Square Feet 9749
Lot Size Units Acres
Number of Buildings 1
Total Parking 9
Water Source Public

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95403

Price
AVG $1.4M
$1.4M
Visits
AVG 20
19
Year Built
AVG 1972
1972

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