Santa Rosa, CA 95407,647 Dutton AVE

$5,200,000

Est. payment /mo

$5,250,000

1.0%
Est.Price: ?

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647 Dutton AVE Santa Rosa, CA 95407

12,840 SqFt

SOLD DATE : 10/07/2022

Key Details

Sold Price $5,200,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 12,840 sqft

Price per Sqft $404

MLS Listing ID ML81899811

Sold Date 10/07/22

HOA Y/N No

Year Built 1971

Annual Tax Amount $59,577

Lot Size 0.964 Acres

Acres 0.9642

Property Description

The Crossing at Dutton provides investors a unique opportunity to acquire a turn-key asset with EXTRA upside in income potential through lease rate increases and utility reimbursement income (RUBS). Future ownership will benefit from limited deferred maintenance, as the property received major upgrades to the interiors (17 of 18 units fully remodeled) and exterior over the past 12 months. Dual pane windows, new decking and all roofs were replaced between 2008-2012. The tastefully landscaped grounds of the property provide a quaint, secluded place for tenants to call home. Tree-lined courtyards, balconies and patios all make for a private living experience. The complex is located in close proximity to major highways (HWY 12) and freeways (101), schools, employers, shopping, public transportation (bus stops and light rail), and bike paths (Joe Rodota Trail). Download the Offering Memorandum here: https://www.redwoodpropertyco.com/dutton

Location

State CA

County Sonoma

Area 699 - Not Defined

Zoning R315UA

Interior

Heating Floor Furnace, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Carport Spaces 18

Roof Type Shingle

Total Parking Spaces 18

Building

Water Public

Schools

School District Other

Others

Tax ID 125162022000

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Nick Oliver • Redwood Property Company
Bought with Jeremy Lee

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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