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Key Details
Sold Price $5,200,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
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
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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Bought with Jeremy Lee