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N Washington Street, Sonora, CA 95370
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$1,550,000
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Home Details for N Washington Street
Price
$1,550,000
Type
Multi Family
Bedrooms
1
Full Bathrooms
1
Year Build
1949
Sq. Ft.
400
Lot Size
0.3583
County
Tuolumne
MLS®️ Listing#
225069290
On exitrealty.com
180 days
Property Description
Discover a value-add multifamily opportunity in the heart of downtown Sonora. Washington Square Apartments features 16 well-maintained units, including a single-family home, across a 5,620 square foot building situated on a 17,527 square foot lot. Just steps from the city's shops, restaurants, and civic amenities, the property boasts a history of high occupancy and long-term tenancy, with the average resident staying over 5 years. Recent exterior upgrades including new siding and paint and interior updates in 8 units give new ownership a head start on value-add improvements. Zoned General Commercial, the site also presents potential for future mixed-use or redevelopment. With current rents approximately 15% below market and room to increase utility and parking charges, this asset is ideal for investors seeking strong cash flow and long-term upside in a supply-constrained market.
- Parking
- Leased
- On Street
- Water Features
- Public
- Utilities
- Other
Listing Courtesy: Cosol Commercial Real Estate - 209-521-1591. Presented by: Jacob I. Friedrich
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EXIT REALTY CONSULTANTS
150 W. Yosemite Ave, Manteca, CA 95336
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$1,550,000
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EXIT REALTY CONSULTANTS
150 W. Yosemite Ave, Manteca, CA 95336
CA DRE# 01424183. Kris Klair Broker.