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Listed by Douglas A Swanson • Swanson Real Property, Inc
$ 995,000
Est. payment /mo
Price Dropped by $55K
900 Cherry ST Santa Rosa, CA 95404
1,110 Beds
3 Baths
2,104 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,104 sqft
Price per Sqft $472
MLS Listing ID 326012371
Bedrooms 1110
HOA Y/N No
Year Built 1950
Lot Size 3,402 Sqft
Property Sub-Type Triplex
Property Description
This downtown mid-century modern Historic Cherry Street Triplex is located in the 'Cherry Street Historic District' which is walking distance to downtown Santa Rosa with its mall, restaurants, and shops. This is a 1950 Mid-Century Modern building in good condition and with consistent income currently $5,700 per month total. That equates to $68,000 in Gross income per year with a Net Operating Income of $45,600, representing a scheduled Capitalization Rate of roughly 5% projected for a new owner. Each unit has 1 bedroom, 1 bath, a living room, bedroom, and full kitchen. There are 2 laundry hook-ups, use varies between units. 900 Cherry is roughly 750 sq ft. 516 'A' is roughly 700 sq ft. 516 'B' is roughly 450 sq ft. Each unit is occupied with long-term tenants that would like to remain. The leases are all recently extended to April 2026 and go month-to-month thereafter. The tenants would like to remain longer term. This is a desirable neighborhood sought after by all that enjoy having such close proximity to downtown Santa Rosa and all it has to offer.
Location
State CA
County Sonoma
Area Santa Rosa-Northeast
Interior
Heating Individual, Wall Furnace
Cooling None
Flooring Linoleum, Parquet, Tile, Wood
Exterior
Parking Features Attached, Garage, Off Street, Street, Varies by Unit
Garage Spaces 2.0
Utilities Available Cable Available, City, Electric, Natural Gas Connected, Sewer Connected
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Mid-Century
Others
Special Listing Condition Trust, None
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