Bought with Jeremy Lee • LEEINV
$5,200,000
$5,250,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
647 Dutton AVE Santa Rosa, CA 95407
2 Beds
1 Bath
12,840 SqFt
Key Details
Sold Price $5,200,000
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 12,840 sqft
Price per Sqft $404
MLS Listing ID ML81899811
Bedrooms 2
Full Baths 1
Year Built 1971
Lot Size 0.964 Acres
Property Sub-Type Five or More Units
Property Description
The Crossing at Dutton provides investors a unique opportunity to acquire a turn-key asset with EXTRA upside in income potential through lease rate increases and utility reimbursement income (RUBS). Future ownership will benefit from limited deferred maintenance, as the property received major upgrades to the interiors (17 of 18 units fully remodeled) and exterior over the past 12 months. Dual pane windows, new decking and all roofs were replaced between 2008-2012. The tastefully landscaped grounds of the property provide a quaint, secluded place for tenants to call home. Tree-lined courtyards, balconies and patios all make for a private living experience. The complex is located in close proximity to major highways (HWY 12) and freeways (101), schools, employers, shopping, public transportation (bus stops and light rail), and bike paths (Joe Rodota Trail). Download the Offering Memorandum here: https://www.redwoodpropertyco.com/dutton
Location
State CA
County Sonoma
Area Santa Rosa-Southwest
Zoning R315UA
Interior
Heating Floor Furnace , Wall Furnace
Cooling Window / Wall Unit
Flooring Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Covered Parking, Uncovered Parking
Garage Spaces 18.0
Utilities Available Public Utilities
Roof Type Shingle
Building
Foundation Post and Pier
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
Read Less
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