Rohnert Park, CA 94928,7359 Boris CT
Listed by Steven Level • Berkshire Hathaway • Reed B. Mcclintock & Assoc.
Bought with Robert Hernandez • Private Capital Ventures, INC
Reed B. Mcclintock & Assoc.

$7,150,000

Est. payment /mo

$7,600,000

5.9%
Est.Price: ?

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7359 Boris CT Rohnert Park, CA 94928

21,728 SqFt

SOLD DATE : 01/31/2020

Key Details

Sold Price $7,150,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 21,728 sqft

Price per Sqft $329

MLS Listing ID 21924931

Sold Date 01/31/20

HOA Y/N No

Year Built 1973

Lot Size 1.107 Acres

Property Description

Sonoma Park Apartments is a 28-unit apartment complex located in Rohnert Park, CA. Highlighted by a strong unit mix of 28 two-bedroom units, this property is comprised of three separate buildings with carports and an on-site laundry room. All units feature either a deck or fenced patio, individual water heaters, forced air heating and most of the units have air conditioning. Sonoma Park Apartments offers a new investor the opportunity to complete a comprehensive renovation of all unit interiors and common areas to greatly increase obtainable rents. The implementation of RUBS utility re-billing to recapture a portion of the utility costs associated with the property would further increase the value of the property overall. With very limited apartment inventory in the area and immediate barriers to entry, this property is positioned to sustain future rent growth shielded from the threat of new competition.

Location

State CA

County Sonoma

Area Cotati/Rohnert Park

Interior

Heating Central

Cooling Wall Unit(s)

Exterior

Parking Features Carport, Off Street, Street

Roof Type Composition,Shingle,Tar/Gravel

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Others

Special Listing Condition Offer As Is

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