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Listed by Carmen Gray • Vintage Sotheby's International Realty
$ 795,000
Est. payment /mo
Active
1190 Gravenstein HWY S Sebastopol, CA 95472
1,220 Beds
3 Baths
3,690 SqFt
UPDATED:
12/03/2024 03:30 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,690 sqft
Price per Sqft $215
MLS Listing ID 324087772
Bedrooms 1220
HOA Y/N No
Year Built 1964
Lot Size 0.479 Acres
Property Description
This 2-story triplex is a value add with a lot of potential! 100% Occupied and at a 5.125% Cap rate, this is a great investment opportunity for the next owner! Just blocks south of downtown Sebastopol, close to shopping, fine dining, wineries and other west county amenities. This approx 3,338 square foot triplex on .48 acres, was once zoned as retail/mixed use, but is currently being used for residential use. The lower unit can still be used as commercial space if needed or desired. The lower unit used to be retail and is now converted to residential space and includes two full bedrooms, a full bathroom with laundry hook-ups. There is a small additional structure that is currently being used as creative space and also includes a bathroom and well room. The second floor has 2 units, one is a studio and the other is a 2 bedroom / 1 bathroom. The courtyard area is a common area shared amongst all the tenants. This versatile investment property in Sebastopol is in a location that is close to many favorites including popular Sequoia Burger, Fairfield Inn & Suites, Himalayan Salt Room Day Spa and more!
Location
State CA
County Sonoma
Area Sebastopol
Zoning Retail/Residential (mixed use)
Interior
Heating Central, Natural Gas
Cooling See Remarks
Exterior
Parking Features Off Street, Open, Street, Uncovered
Garage Spaces 8.0
Utilities Available Cable Connected, Electric, Internet Available, Natural Gas Connected
Roof Type Shingle
Building
Sewer Septic Connected, Septic Pump, Septic System
Water Well
Others
Special Listing Condition Offer As Is
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