157 Eddy Drive, Santa Rosa, CA 95407

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Active Under Contract

$900,000

bedrooms

bathrooms

square feet

2,912

Acreage

0.303

Open Houses

year built

1970

Full Baths

Half Baths

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This single-story, four-unit apartment building features two-bedroom, one-bath units, each with its own spacious backyard and front patio courtyard. Situated on a corner lot, the property offers added privacy. Every unit includes a one-car garage with washer and dryer hookups, and two units provide direct interior access. Long-term tenants currently pay below-market rents, projected to generate over $93K(+/-) in annual gross income. With minimal operating expenses, the property's projected net operating income is expected to exceed $74K(+/-) per year, yielding an impressive cap rate of over 8%(+/-). One move-in ready unit is vacant until the saleideal for owner-occupant buyers looking to secure both a home and an investment property. The property is connected to a public sewer and currently uses a shared well, but it has been approved for annexation into the City of Santa Rosa for public water. Priced at just $225,000 per unit, this offering presents an exceptional investment opportunity for both investors and first-time buyers alike.

Location
Subdivision	Moorland Sub
County	Sonoma
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 325016476

Listing agent: Aaron Pardo #02075596

Listing broker: Compass

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Last update: Wednesday, April 2 2025 at 4:28 a.m. EDT

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