Trellis Apartments | 921-923 Ripley St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Trellis Apartments 921-923 Ripley St
7 Unit Apartment Building $3,582,545 CAD ($511,792 CAD/Unit) 5.79% Cap Rate Santa Rosa, CA 95401
INVESTMENT HIGHLIGHTS
- Turn-Key Property
- 5.70% Cap Rate
- Fully Remodeled Interiors
- Exceptional Cash Flow
- 12.30 GRM
- W/D In Each Unit
EXECUTIVE SUMMARY
Trellis Apartments is a turn-key apartment complex in the Railroad Square neighborhood of Santa Rosa, CA. Generating exceptional cash flow from the strong in place rents, this 7-unit property features a unique and highly desirable unit mix of two 3-bedroom, 2-bath houses and five 2-bedroom, 1-bath townhouse-style units.
All units have full interior remodels including updated kitchens, bathrooms, flooring and fixtures. Each unit features in-unit laundry, central heat and AC, fenced yards or patios, dual-pane windows throughout, individual water heaters, and separate meters for gas and electric. All the remodels and upgrades were completed within the last 5 years and the property has been very well maintained.
The Trellis Apartments are located just minutes away from the various shopping, amenities and public transportation options available in Downtown Santa Rosa. With easy access to Hwy-101, the property is located approximately 50 miles north of San Francisco, 30 miles west of Sonoma and 20 miles east of Bodega Bay.
With fully remodeled interiors and an updated exterior, Trellis Apartments provides an excellent investment opportunity for a fully stabilized asset with historically low vacancy in desirable Sonoma County.
All units have full interior remodels including updated kitchens, bathrooms, flooring and fixtures. Each unit features in-unit laundry, central heat and AC, fenced yards or patios, dual-pane windows throughout, individual water heaters, and separate meters for gas and electric. All the remodels and upgrades were completed within the last 5 years and the property has been very well maintained.
The Trellis Apartments are located just minutes away from the various shopping, amenities and public transportation options available in Downtown Santa Rosa. With easy access to Hwy-101, the property is located approximately 50 miles north of San Francisco, 30 miles west of Sonoma and 20 miles east of Bodega Bay.
With fully remodeled interiors and an updated exterior, Trellis Apartments provides an excellent investment opportunity for a fully stabilized asset with historically low vacancy in desirable Sonoma County.
PROPERTY FACTS Under Contract
| Price | $3,582,545 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $511,792 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 5.79% | Building Size | 6,138 SF |
| Gross Rent Multiplier | 12.15 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Price | $3,582,545 CAD |
| Price Per Unit | $511,792 CAD |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| Gross Rent Multiplier | 12.15 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 6,138 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.14/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 825 |
| 3+2 | 3 | - | 935 |
1 of 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 010-124-012 | Improvements Assessment | $3,063,830 CAD |
| Land Assessment | $767,306 CAD | Total Assessment | $3,831,136 CAD |
PROPERTY TAXES
Parcel Number
010-124-012
Land Assessment
$767,306 CAD
Improvements Assessment
$3,063,830 CAD
Total Assessment
$3,831,136 CAD
1 of 39
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Trellis Apartments | 921-923 Ripley St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.