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Cory Cadle

corycadle7@gmail.com +1(707) 303-5938

Listed by John W Garrett Marcus & Millichap Real Estate Investment Services, Inc.

$2,995,000

Est. payment - /mo

10,400 SqFt

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Open House

Thu Oct 01, 11:30am - 1:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 10,400 sqft

Price per Sqft $287

MLS Listing ID 326083099

HOA Y/N No

Year Built 1962

Lot Size 0.330 Acres

Acres 0.3299

Property Sub-Type 5 or More Units

Property Description

126 S E Street presents an attractive opportunity to acquire a 13-unit multifamily property located just a few blocks from Downtown Santa Rosa. The property combines strong existing cash flow with clearly identifiable opportunities to increase income through allowable rent increases and a gradual unit renovation program. Situated on a single parcel, the property consists entirely of two-bedroom, one-and-a-half-bath townhomes, providing a desirable unit configuration with separation between living and sleeping areas. The property includes 13 covered carport parking spaces, mature street-facing landscaping, and common laundry facilities with convenient app-based payment. Ownership has recently completed significant infrastructure improvements, including replacement of the main electrical panel and electrical subpanels in all 13 units, as well as replacement of the underground water, sewer, and gas utility lines. Each residence also has its own individual water heater, with heat provided by gas wall heaters. Tenants maintain and pay their own PG&E accounts, while ownership is responsible for water, sewer, and garbage expenses. The property offers meaningful near-term income growth potential. Existing below market rents provide an opportunity for a new owner to implement applicable annual allowable rent increases, immediately beginning to narrow the gap between current and market rents. Additional value can be created over time by renovating apartment interiors as units naturally turn over, allowing ownership to modernize the property while preserving existing cash flow. Located near Downtown Santa Rosa, residents enjoy convenient access to restaurants, shopping, entertainment, employment, public transportation, and the broader amenities of Sonoma County. The combination of current income, recent infrastructure investment, a desirable townhome unit mix, and multiple avenues for future NOI growth makes 126 S E Street a compelling North Bay multifamily investment opportunity.

Location

State CA

County Sonoma

Area Santa Rosa-Northeast

Rooms

Basement None

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s)

Laundry Coin Operated, Common Area, Washer/Dryer Owned

Exterior

Carport Spaces 13

Waterfront Description Public

Total Parking Spaces 13

Private Pool No

Building

Lot Description Shape Regular

Story 2

Sewer Public Sewer

Water Public

Others

Tax ID 009203017000

Security Features Video System

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Cory Cadle

+1(707) 303-5938

Real Estate Advisor License ID: 01986329

S 126 E ST Santa Rosa, CA 95404

Cory Cadle

Open House

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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