Sonoma TriPlex Fixer Opportunity!

06-29-2019
10-29-2021

51 Vallejo Ave., Sonoma, CA 95476

Sonoma, California is a charming town nestled in the “other wine-growing valley,” and consists of fine restaurants, small shops, businesses located around a delightful “small town square.” The population is est. at 11,000, Avg. Household Income $105,625, Median Age 52 years, Avg. Home Value is $755,424 (2016), Median Gross Rent is $1,716 (2016), the climate is pleasant, mild and there is a whole lot of wine-making going on. The Boyes Hot Springs Community features the Spa at the Sonoma Mission Inn. Nearby Hwy 12 facilitates access to San Francisco, Silicon Valley, and the entire Bay Area. Airports: SFO-58 miles/75 mins and OAK-59 miles/67 mins.

Property Description

An entire corner of property adjacent to the world-famous Sonoma Mission Inn in Boyes Hot Springs, this incredible property is an intriguing investment opportunity. Featuring an updated duplex of two, 2 bedroom, 1 bath units and a separate 1 bedroom cottage, some investor will make this property a huge winner. Totaling 5 bedrooms and 3 baths, it is located in a coveted corner location just begging for the right buyer. The upstairs duplex unit features some updates, linoleum flooring, relatively-new heater (no A/C) and stove, the current tenant is month-to-month at $1,500 month. The lower duplex unit has 2 bedrooms with 1 bath and is currently leased Month to Month at $1,100 mo. The quaint, separate cottage is leased month to month at $1,200 and the upstairs duplex leased month to month at $1,550. Call (925) 322-7775 for showing! www.michaelhatfieldhomes.com

Unit Mix

Description No. of Units Sq ft. Avg. Monthly Rent
Duplex 2 0 $ 3,400
Cottage 1 0 $ 1,200

Key Property Information

Listing Status
Available
Multifamily type
Garden Style
Price
$ 869,000
No. of Units
2
Cap Rate
0.5%
Average Occupancy
0%
Year Built
1925
Building Size
1,770 Sq ft
Lot Size
4,791.6 Sq ft
No. of Stories
2
APN
056-386-007-000
Opportunity Zone
Off
Buy Side Fee
2.5%
Price per unit
$ 434,500
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38.314429, -122.481054

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