Elegant fully furnished Victorian presents a new concept in rental real estate, and the numbers show that it works. With $2775 per month income, a gross rent multiplier of 10.5, and a cap rate of 9.5, this is an excellent buy.
Tenants (located through ads in the Press Democrat) usually stay 3 months. Always rented. (The owner does not supply any food or maid service.)
Or could be a delightful home for an owner occupant, with or without renting one unit. Furniture and appliances are negotiable.
Address:
117 11th
Santa Rosa,
CA
95401
US
Intersection ofRipley & Community of Santa Rosa Northwest
Features:
Lower unit has living room & dining room with high ceilings, spacious master suite,office, kitchen, enclosed porch, front & rear gardens, new dishwasher, disposal, new stove, hot tub. Upper unit has sitting room, bedroom, and full bath with clawfoot tub.
The home has a newer foundation and roof, and a near-new furnace. It's in great condition.
At the reduced price of $349,500, the furntiure is not included but is negotiable.
Fact Sheet:
Listing Type: Sale Property Type: Duplex Architecture Type: Historic Price:
$349,500 Sold Date: 3/31/2003 Sold Amount: $349,500 Interior Size: 1553 sq. ft. Stories: 2 Lot Size: 0.09 acre(s) Bedrooms: 4 room(s) Bathrooms: 2 room(s) Garage Size (# of cars): 0 Property Tax:
Amenities:
Formal Living Room, Dining Room, Master Bedroom
School Information:
Santa Rosa City Schools.
Local Area Information:
Please see "Relocating" on Marlene Lily's web site.
Last Updated: 6/30/2004
Listed
by Marlene Lily of Creative Property Services
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