About 1000 Ripley Street
Don't miss this rare opportunity to own a 5-unit apartment property with strong income potential and a 6 CAP rate! This unique investment includes a charming single-family home and a fully leased fourplex, all situated on one parcel. The fourplex features four spacious 2-bedroom, 1-bath units, each currently rented below marketoffering significant room for increased cash flow. The standalone 2-bedroom, 1-bath home adds versatility to the property, ideal for continued rental income or future owner occupancy. Located in a desirable, tenant-friendly neighborhood near schools, public transportation, shopping, and with convenient highway access, this property benefits from consistent rental demand. Whether you're expanding your portfolio or searching for a well-positioned, income-generating asset with built-in upside, this 5-unit apartment building delivers on all fronts.
Features of 1000 Ripley Street
| MLS® # | 325025258 |
|---|---|
| Price | $1,459,000 |
| Square Footage | 4,480 |
| Acres | 0.22 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Apartments, House & Apartments |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1000 Ripley Street |
|---|---|
| Area | Santa Rosa-Northwest |
| City | Santa Rosa |
| County | Sonoma |
| State | CA |
| Zip Code | 95401-4750 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Covered, Detached, Street |
| Has Pool | No |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Appliances | Free Standing Electric Range, Free Standing Gas Oven, Free Standing Refrigerator |
| Heating | Central |
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Cul-De-Sac, Landscape Back, Landscape Front |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter, Slab |