515 Davis ST Santa Rosa, CA 95401

Priced significantly below replacement cost, this 9-unit apartment complex provides an excellent repositioning or development opportunity in Sonoma County. Comprised of 6 one-bedroom units and 3 studios, this high upside asset is located in the northeast quadrant of Santa Rosa, just minutes away from Downtown. The property has three separate buildings, a fourplex, triplex and duplex all on one L-shaped lot. The lower level of the triplex currently has two garages, four large rooms and a bathroom that could potentially be converted into additional units (check with the City of Santa Rosa). The property also has significant development potential to build up to 42,000 square feet of usable building space on the lot. The new owner will be able to collect income from the existing units while going through the approval process.