3000 Cleveland Avenue

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3000 Cleveland Avenue

Santa Rosa, CA 95403
Asking Price
$1.25M
Cap Rate
5%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Seller Financing Available! Office Building with Multifamily Conversion Potential <ul><li>​±29,193 SF commercial building</li><li>​Excellent North Santa Rosa location</li><li>​Convenient Highway 101 access</li><li>​Flexible floor plan with multiple office configurations</li><li>​Ample on-site parking</li><li>​Suitable for owner-user or investor</li><li>​Conceptual plan for approximately 14 residential units</li><li>​Adaptive reuse and redevelopment potential</li><li>​Strong surrounding demographics and housing demand</li><li>​Rare large-scale repositioning opportunity in Sono

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

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