Rincon Valley Investment Opportunity

Offered at: $825,000

5 Beds

3 Baths

2340 SF

8000 sqft

Rincon Valley Investment Opportunity

Excellent investment opportunity in Rincon Valley close to great schools, shopping, and everything wine country has to offer! The 3 bed/2 bath main unit has an updated kitchen and updated bathrooms, new furnace/AC, and new interior/exterior paint. The 2 bed/1 bath unit has a new bathroom, new flooring, new kitchen appliances, new interior doors, new fencing, and new interior/exterior paint. Both units are single level, with garages, private yards and a new roof. Great investment opportunity or perfect for the first time homebuyer who needs rental income to supplement your mortgage payment.

Features

• Property Type: Duplex
• Location: 695 Montclair Drive & 5200 Piedmont Drive, Santa Rosa, CA 95409
• Total Units: 2
• Year Built: 1979
• Lot Size: 8,000+- sf
• Building Size: 2,340+- sf
• Parking: 695: 2 car garage; 5200: 1 car garage; driveway & street parking

Unit 695: 3 Beds/2 Baths, Rent: $2,815/mo, Lease Term: M-to-M since 3/2019, Lease Expiration: n/a (AB1482)

Unit 5200: 2 Beds/1 Bath, Rent: $2,850/mo Lease Term: 1 year lease 4/2025, Lease Expiration: April 17, 2026

• Gross Scheduled Income: $5,665 monthly / $67,980 annually

Operating Expenses (Annual Estimate)

Expense Amount:

Property Taxes $9,635

Insurance $3,371

Utilities (Owner Paid) $0

Repairs Maintenance $0

7% Mgmt Fee $4,758

Landscaping $960

Other (describe) $0