15 7th St
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15 7th St
7 Unit Block of Flats £2,107,524 (£301,075/Unit) 5.21% Net Initial Yield Petaluma, CA 94952
INVESTMENT HIGHLIGHTS
- Beautifully Renovated 2018-2020
- Great Neighborhood / Location Close to Downtown Petaluma
- Duplex Built from Ground Up
EXECUTIVE SUMMARY
MASSIVE PRICE REDUCTION!! This newly remodeled 7-unit building is an excellent turnkey investment opportunity for investors looking to maximize their returns. The buildings have been recently renovated and the duplex is newly-built! This gem provides a modern and fresh atmosphere for tenants, boasting strong rental income with new fully leased units walking distance to the heart of picturesque Petaluma. Don't miss this excellent opportunity for a low-maintenance, high-reward pride of ownership investment.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £2,107,524 | Apartment Style | Low Rise |
| Price Per Unit | £301,075 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Net Initial Yield | 5.21% | Building Size | 4,888 SF |
| Gross Rent Multiplier | 12.76 | Average Occupancy | 100% |
| No. Units | 7 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2018 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Price | £2,107,524 |
| Price Per Unit | £301,075 |
| Sale Type | Investment |
| Net Initial Yield | 5.21% |
| Gross Rent Multiplier | 12.76 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 4,888 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1910/2018 |
| Parking Ratio | 1.84/1,000 SF |
UNIT AMENITIES
- Microwave
- Washer/Dryer
- Refrigerator
- Oven
- Yard
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £2,953 | - |
| 1+1 | 5 | £2,515 | - |
| Studios | 1 | £1,392 | - |
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Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 008-101-014 | Total Assessment | £1,293,176 (2023) |
| Land Assessment | £628,582 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £664,594 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
008-101-014
Land Assessment
£628,582 (2023)
Improvements Assessment
£664,594 (2023)
Total Assessment
£1,293,176 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
ZONING
| Zoning Code | R3 (Residential 3) |
| R3 (Residential 3) |
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15 7th St
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