Petaluma, CA 94952 408 Keller St
$2,925,000
5 more
Presented By: Erich M. Reichenbach with Marcus & Millichap Real Estate Investment Services, Inc.
Beds • 12
Full/Half Baths • 2 / 2
SQFT • 5,940
Home Details
The property, a six-unit multifamily property is located in the heart of Petaluma. The property consists of six, fully remodeled two-bedroom 1.5-bath, town-house-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual income as well as the potential to add in-unit laundry to further increase property cash flow. This investment opportunity offers a great unit-mix, ideal location and significant appreciation potential
Presented By: Erich M. Reichenbach with Marcus & Millichap Real Estate Investment Services, Inc.
Interior Features for 408 Keller St
Bedrooms
Unit 1 Bedrooms2
Unit 3 Bedrooms0
Unit 2 Bedrooms2
UnitType4BedroomUnitsTotal0
Unit 1 Bedroom Units Total
Unit 2 Bedroom Units Total6
Unit 3 Bedroom Units Total
Unit 4 Bedrooms
Bathrooms
Unit 4 Full Baths0
Unit 1 Full Baths1
Unit 2 Full Baths1
Unit 3 Full Baths
Unit 2 Partial Baths1
Unit 1 Partial Baths1
Unit 4 Partial Baths
Other Interior Features
Unit 2 TypeApartment
Unit 1 TypeApartment
Unit 2 DescriptionApartment, Townhouse style
Unit 1 DescriptionApartment, Townhouse style
Unit 1 Approx SqFt990
Unit 2 Approx SqFt990
Unit 3 Approx SqFt
Unit 4 Approx SqFt
# Studios Occupied
UnitTypeStudioUnitsTotal
Laundry FeaturesCoin Operated
Total Stories3
Other Rooms
Unit 1 # of Rooms7
Unit 2 # of Rooms7
Unit 3 # of Rooms
Unit 4 # of Rooms
General for 408 Keller St
# of Guest Space(s)
4 Bedroom Rent Range
AuctionNo
Cap Rate4.71
Carport Spaces0.00
CityPetaluma
Close Price0.00
CoolingNone
CountySonoma
DirectionsHwy 101, E Washington, Keller St
Garage Spaces0.00
Gross Income192120
Gross Rent Multiplier15.20
HOANo
HOA Fee$
HeatingCentral
LevelsTwo
Lot Size Square Feet9148.00
Lot Size UnitsAcres
MLS AreaPetaluma West
Number Of Units Total6
Open Parking Spaces0.00
Patio/Porch FeaturesBalcony/Deck, Covered Patio, Enclosed Patio
PossessionClose Of Escrow
Property ConditionUpdated/Remodeled
Property Subtype5 or More Units
Property TypeResidential Income
SewerPublic Sewer
Standard StatusActive
StatusActive
Subtype DescriptionApartments, Garden Apartments
UnitTypeCommercialUnitsTotal0
ViewCity, Downtown, Mountains
Year Built1980
Year Built SourceOther
Exterior for 408 Keller St
Covered Spaces0.00
Exterior AmenitiesFenced Yard, Play Area
Independent Parking Spaces
Lot FeaturesLandscape Back
Lot Size Acres0.2100
Lot Size SourceNot Verified
Number of Buildings1
Parking FeaturesOff Street
Tandem Parking Spaces0
Total Parking8.00
Water SourcePublic
Additional Details
Price History
Sean Gaynor-Rousseau
Broker Associate