Description
The Town & Country North Apartments offer an opportunity to acquire a clean, well-maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Situated in the JR College Neighborhood of Santa Rosa, the property features an attractive unit mix of 2 bedroom, 1 bedroom, and studio units with covered parking, patios, and onsite laundry. Initial cash flow of $55,222 grows to $96,160 at market rents and total return grows to a staggering $124,190 including principal reduction. The starting cap rate of 4.74% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country North Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY SOUTH
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3BEDS
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0.43ACRES
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3BATHS
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01/2 BATHS
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9,700SQFT
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$433$/SQFT
School Ratings & Info
Description
The Town & Country North Apartments offer an opportunity to acquire a clean, well-maintained 16 unit apartment investment with rental upside in one of the strongest rental markets in America. Situated in the JR College Neighborhood of Santa Rosa, the property features an attractive unit mix of 2 bedroom, 1 bedroom, and studio units with covered parking, patios, and onsite laundry. Initial cash flow of $55,222 grows to $96,160 at market rents and total return grows to a staggering $124,190 including principal reduction. The starting cap rate of 4.74% represents an above average return for the area combined with strong fundamentals of location, unit mix, and condition make Town & Country North Apartments an attractive real estate investment. *AVAILABLE INDIVIDUALLY OR AS A PACKAGE WITH TOWN & COUNTRY SOUTH
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