Petaluma, California, Sonoma County, 94952

The Villa is an 18-unit multifamily property offering strong fundamentals, immediate value-add potential, and a desirable, amenity rich location. Built in 1962, the property consists of 12 two-bedroom, one-bath units and 6 one-bedroom, one-bath units, arranged around a landscaped central garden with a lawn that provides tenants with a quiet, residential atmosphere. Each building has undergone significant capital improvements, including permitted electrical subpanel replacements in all units, a new main electrical service in one building, and rebuilt exterior staircases and decks, providing long-term durability and reducing future deferred maintenance. The site offers covered parking for all 18 units, additional street parking, and on-site coin-operated laundry for tenant convenience. Just blocks from the property are Whole Foods, Petaluma's SMART Train station, public schools, parks, the public library, and a variety of local dining and retail options. In addition, residents are less than a half mile from a Grocery Outlet-anchored shopping center, and 3/4 mile from a Target shopping center. The Villa offers investors a rare opportunity to acquire a stabilized, well-maintained asset with strong fundamentals and future upside in one of Sonoma County's most desirable submarkets.

Listing provided by John W Garrett at Marcus & Millichap Real Estate Investment Services, Inc.

This Listing is for Sale .The listing status is Activelocated within Sonoma County