Investment Gem Near Russian River Beaches - This unique property, a short walk to river beaches and local market, offer maximum versatility. Originally a single-family home, now a beautifully adapted three-unit dwelling, it offers an array of living options. The top floor unveils a luxuriously renovated three-bedroom, two-bath retreat where the feel is all comfort and style. Below, flexibility defines the ground level with a space that can transform from a two-bedroom, two-bath setup into separate one-bedroom one-bath and studio units, perfect for vacation rentals or long-term tenants. Each unit has independent access, set within low-maintenance, picturesque grounds. Fully updated to turnkey perfection, it's an enticing proposition for those seeking to combine lifestyle with financial return, all within a coveted location. Ideal for true investors, boasting a 6.5% cap rate at long-term rent rates plus the ability to select your own tenants and at fair market rates. This gorgeous property also invites the option to reside upstairs while benefiting from rental income below. Beautifully renovated from top to bottom. Seize this multifaceted investment opportunity. Check out the video in the virtual tour link on the platform you're browsing.
LAST UPDATED
|
4/23/2024
|
YEAR BUILT
|
1950
|
COMMUNITY
|
Russian River
|
GARAGE SPACES
|
1.0
|
COUNTY
|
Sonoma
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
Prior to Apr 23, '24
|
$1,025,000
|
Apr 23, '24 - Today |
$975,000 |
APPLIANCES |
Dryer, Washer |
AREA |
Russian River |
BATHS FULL |
2 |
BATHS PARTIAL |
0 |
BUYER'S BROKERAGE COMPENSATION |
2.5 |
FIREPLACE |
Yes |
GARAGE |
Yes |
LISTING TYPE |
Sale |
LOT |
7200 sq ft |
SEWER |
Septic Tank |
STORIES |
1 |
STYLE |
Traditional |
WATER |
Public |
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Listing provided by Jennifer Peschken, HomeSmart Advantage Realty
Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.
This IDX solution is (c) Diverse Solutions 2024.
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