Description
8-unit investment property offering eight detached 2bd/1bth houses with strong current cash flow and gorgeous views. Seller financing is available with excellent terms! The property was built in 1940, offers approximately 5,200 square feet or rental space, and sits on a 2.1-acre lot above the Russian River on a quiet street surrounded by attractive homes. Many of the units have been updated with new kitchens, bathrooms, hardwood floors, in-unit water heaters, updated electrical and plumbing and more. The property is high enough up the hill that it is out of the flood zone so flood insurance should not be required. The property is separately metered for PG&E with low annual operating expenses. The property is easy to manage and has no deferred maintenance making this an attractive turn-key investment. Previously, the county approved an 8-parcel subdivision map providing an attractive resale opportunity. The property is only a short drive to the river, a variety of wineries, and the re
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0BEDS
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2.1ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
8-unit investment property offering eight detached 2bd/1bth houses with strong current cash flow and gorgeous views. Seller financing is available with excellent terms! The property was built in 1940, offers approximately 5,200 square feet or rental space, and sits on a 2.1-acre lot above the Russian River on a quiet street surrounded by attractive homes. Many of the units have been updated with new kitchens, bathrooms, hardwood floors, in-unit water heaters, updated electrical and plumbing and more. The property is high enough up the hill that it is out of the flood zone so flood insurance should not be required. The property is separately metered for PG&E with low annual operating expenses. The property is easy to manage and has no deferred maintenance making this an attractive turn-key investment. Previously, the county approved an 8-parcel subdivision map providing an attractive resale opportunity. The property is only a short drive to the river, a variety of wineries, and the re
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Listing provided courtesy of David Howarth of The Pinza Group, Inc: (510) 822-1331.