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109 Ellis Street

Petaluma, CA 94952
  • $1,195,000
  • STATUS: Active
  • ON SITE: 168 Days
  • ID#: 321051422
UPDATED: 44 min ago
$1,195,000
  • 5
    BEDS
  • 0.7
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1932
County:

School Ratings & Info

Description

Major Price Reduction! Contractors and Developers! Tear-down 4 units on HUGE 30,000 sq. ft. lot!! This property needs either a full rehab, or it is Fully Entitled with the City of Petaluma for a high-end and rare 13-unit apartment development. Presently the property has a house which is ready to rehab, a 2bd/1b separate cottage, a 1bd/1ba and studio, located within walking distance of the new SMART line and super close proximity to the trending historic downtown area, shopping, restaurants, schools and other amenities. The development opportunity includes 12 two-bedroom two-bath townhome style units with an upstairs loft, and one studio low-income unit. Enclosed garages, open parking, courtyards, private balconies, open space, a workout room, a pool and BBQ area and expectation of high rent demand for a scarce product oriented toward a younger affluent tenant base. Collect income while preparing a great developer's project in a high-demand, culturally growing cit

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© 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2021-12-04T13:58:24.873.
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109 Ellis Street Petaluma, CA 94952

  • Price: $1,195,000
  • Status: Active
  • On Site: 168 Days
  • Updated: 44 min ago
  • ID#: 321051422
5
Beds
4
Baths
0
½ Baths
0.7
Acres
1932
Built
Neighborhood:
Petaluma West
County:
Sonoma
Area:
Petaluma West
Property Description
Major Price Reduction! Contractors and Developers! Tear-down 4 units on HUGE 30,000 sq. ft. lot!! This property needs either a full rehab, or it is Fully Entitled with the City of Petaluma for a high-end and rare 13-unit apartment development. Presently the property has a house which is ready to rehab, a 2bd/1b separate cottage, a 1bd/1ba and studio, located within walking distance of the new SMART line and super close proximity to the trending historic downtown area, shopping, restaurants, schools and other amenities. The development opportunity includes 12 two-bedroom two-bath townhome style units with an upstairs loft, and one studio low-income unit. Enclosed garages, open parking, courtyards, private balconies, open space, a workout room, a pool and BBQ area and expectation of high rent demand for a scarce product oriented toward a younger affluent tenant base. Collect income while preparing a great developer's project in a high-demand, culturally growing cit
Exterior Features

Architectural Style BungalowFarmhouseSpanish Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Sidewalk Open Parking Spaces 10 Parking Features Open Parking Total 0 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 1 2 Bedroom Units Total 2 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Fireplace(S)Floor FurnaceGas Laundry Features Washer/Dryer Hookups Studio Units Total 1

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 77400 Property Sub Type Quadruplex Property Type Residentialincome Separate Meters ElectricityGasWater Sewer Public Sewer Subtype Description Apartments Water Source Public

Listing information © 2021 Bay Area Real Estate Information Services.
Listing courtesy of David T Sanford of Newport Apartment Group.


© 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2021-12-04T13:58:24.873.
 
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