870 3rd St, Santa Rosa, CA 95404

$850,000
2,242
SqFt

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List Price
$850,000
Status
ACTIVE
MLS#
326057838
Year Built
1927
Property Type
Triplex
Living Area
2,242
Lot Size
4,038
Acres
0.09
County
Sonoma
Region
Santa Rosa-Northeast

Property Description

Charming 1927 Vintage-Triplex offering an exceptional investment opportunity just minutes from Downtown Santa Rosa's shopping, restaurants, entertainment, and community events. This well-maintained property features three 1-bedroom, 1-bath units, each offering a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms. Two of the units are single-story, while Unit 3 is located at the rear of the property and includes an additional finished room, offering flexible space for a variety of uses. Unit 3 also includes accessible features, providing added flexibility for a variety of tenant needs. Current monthly rents are $2,150, $2,100, and $1,950, providing strong, stable income, with few vacancies and strong demand.Residents enjoy a shared gravel driveway and a small shared backyard area. Convenient street parking is also available through the City's monthly residential permit program (Confirm with the City). Recent improvements include the replacement of the Unit 3 roof in 2020. Blending timeless 1920s character with thoughtful updates and a prime location, this property presents an outstanding opportunity to own a quality income-producing investment.

Additional Information

Style
Vintage
Basement
None
Floors
Laminate, Tile, Wood
Heating
Baseboard, Central, Wall Furnace, Other
Cooling
None
Lot Description
Shape Regular
Possession
Close Of Escrow, Subject To Tenant Rights
Roof
Composition

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Calculator source: Real Geeks

Listing courtesy of Rhonda L Alderman from Keller Williams Realty

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