Rare opportunity to own a turn key 4-unit apartment property located in the coveted rental market of Cotati, CA. Comprised of four spacious 2-bedroom, 1-bath units, this highly desirable investment property features upgraded units, four assigned parking spaces in a covered carport, locking metal security screen doors, and strong income. This unique investment is fully occupied and situated on a parcel towards the end of a dead-end road in quiet Cotati. The fourplex features four spacious 2-bedroom, 1-bath units, including energy efficient fit & finish details throughout. Located in a desirable, tenant-friendly neighborhood near schools, parks, public transportation (minutes away from the SMART train station), shopping, restaurants, convenient highway access, and other amenities of Sonoma County. This property benefits from consistent rental demand. The property is also near Sonoma State University, Graton Casino and Spreckels Performing Arts Center If you are expanding your portfolio or searching for a well-positioned turnkey income-generating asset, this excellent 4-unit apartment building delivers on all fronts. Units are separately metered for gas and electricity but have an agreement to split water and sewer amongst them and it has never been an issue. Buyer to verify, but City permitting said it should be possible to add two ADU's to the property. Huge profit potential with limited impact on current tenants. Value Add
Cotati is located in California. Cotati, California has a population of 7,603. Cotati is more family-centric than the surrounding county with 38.44% of the households containing married families with children. The county average for households married with children is 29.67%.
The median household income in Cotati, California is $97,500. The median household income for the surrounding county is $91,607 compared to the national median of $69,021. The median age of people living in Cotati is 37.2 years.
The average high temperature in July is 82.5 degrees, with an average low temperature in January of 38.2 degrees. The average rainfall is approximately 33.6 inches per year, with 0 inches of snow per year.
