• Listing Price: $1,150,000
• Features Three (3) 2bd/1bth Units that are Approximately 970 SF Each, Situated on an Expansive 12,632 SF Lot
• Recent Renovations Include a Full Remodel of the Upstairs Unit that was Completed Just Two Years Ago, as well as Upgraded Flooring in the Other Two Units and a Brand New Roof Installed in April 2024
• Each Unit is Separately Metered for Gas and Electricity - Tenants are Responsible for Paying all Utilities Except for Water & Sewer, Keeping Owner Expenses to a Minimum
• Detached Private Garages are Included for Each Unit, Offering Convenient Parking Options for Tenants
• Excellent Upside by Increasing Rents and Lowering Expenses Through RUBS
• Additional Amenities Include Washer/Dryer Setups in Each Unit, Heating Systems Installed as well as New Windows
• 100% Occupied by Paying and Stable Tenants
• Prime Bennett Valley Location - Close to Popular Restaurants, Cafes, Wineries, Schools and Parks

OFFERING SUMMARY

COUNTY: Sonoma
BUILDING SF: 2,913 SF
LAND SF: 12,632 SF
LAND ACRES: 0.29
NUMBER OF UNITS: 3
YEAR BUILT: 1980
APN: 147-031-049-000
OWNERSHIP TYPE: Fee Simple

FINANCIAL SUMMARY

PRICE: $1,150,000
PRICE PSF: $394.78
PRICE PER UNIT: $383,333
OCCUPANCY: 100.00 %
NOI (CURRENT): $48,646
NOI (Pro Forma): $66,711
CAP RATE (CURRENT): 4.23 %
CAP RATE (Pro Forma): 5.80 %
CASH ON CASH (CURRENT): 1.07 %
CASH ON CASH (Pro Forma): 4.21 %
GRM (CURRENT): 16.65
GRM (Pro Forma): 12.80

PROPOSED FINANCING

LOAN TYPE: Amortized
DOWN PAYMENT: $575,000
LOAN AMOUNT: $575,000
INTEREST RATE: 6.25 %
LOAN TERMS: 30
ANNUAL DEBT SERVICE: $42,484
LOAN TO VALUE: 50 %
AMORTIZATION PERIOD: 30 Years

Property Overview
• The Pinza Group presents 2332 Tachevah Dr in Santa Rosa, CA. This property features three 2-bedroom/1-bathroom units, each spanning 970 SF. The upstairs unit underwent a comprehensive remodel just two years ago, while the other units have upgraded flooring and new dual-pane windows. Currently, the property enjoys full occupancy with reliable, rent-paying tenants, but offers excellent upside by increasing rents and lowering expenses through RUBS. The expansive lot spans 12,632 SF, offering tremendous outdoor living space and serene landscaping for a higher standard of living.

Location Overview
• Nestled in the vibrant locale of Santa Rosa, 2332 Tachevah Dr boasts a unique appeal that extends beyond the renowned vineyards that attract visitors. The cultural richness of Santa Rosa and its surrounding Sonoma County makes it an enticing destination for those seeking a blend of lifestyle and investment. The city's diverse arts community, spanning from classical to eccentric, regularly hosts outdoor festivals and events, capitalizing on the region's unparalleled climate. Santa Rosa is a haven for wine enthusiasts, with the added charm of highly-rated local breweries. Preserving its historical charm, the city showcases Victorian-era neighborhoods that transport residents and visitors alike to a bygone era. Moreover, the breathtaking Northern California landscape envelops Santa Rosa, offering a paradise for exploration with its wild and rugged terrain, providing endless opportunities for discovering new trails and soaking in fresh views.