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14554 Memory Lane

Guerneville, CA 95446
  • $1,429,000
  • STATUS: Active
  • ON SITE: 153 Days
  • ID#: 323913752
UPDATED: 50 min ago
$1,429,000
  • 0
    BEDS
  • 2.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,200
    SQFT
  • $275
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Description

8-Unit multi-family property with excellent current cash flow and significant rental upside. Built in 1940, the property is comprised of eight (8) individual cottages located above the Russian River in Guerneville, CA. Estimated at a combined 5,200 square feet of rental space, the property sits on a large 2.1-acre parcel in the town of Rio Nido. Half of the units have been updated with new kitchens, bathrooms, flooring, individual water heaters, updated electrical and plumbing. Each of the eight units features a fireplace, washer/dryer hookups, front and back porches and spectacular views of the river and surrounding valley and hills. The property has new gutters and downspouts, is on city sewer and water, has separate meters for PG&E and does not require flood insurance. The county previously approved an 8-parcel subdivision map providing a potential resale opportunity (check with the County of Sonoma). This is an ideal location above the Russian River on a quiet street surrounded by attractive homes and nature. The property is only a short drive to a variety of wineries throughout Sonoma County and the various restaurants and stores in downtown Guerneville.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-02-28T22:56:34.897.
www.countryestatesinc.com/homes/143767513
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14554 Memory Lane Guerneville, CA 95446

  • Price: $1,429,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 50 min ago
  • ID#: 323913752
0
Beds
0
Baths
0
½ Baths
2.1
Acres
5,200
SQFT
$275
$/SQFT
1940
Built
Neighborhood:
Russian River
County:
Sonoma
Area:
Russian River
Property Description
8-Unit multi-family property with excellent current cash flow and significant rental upside. Built in 1940, the property is comprised of eight (8) individual cottages located above the Russian River in Guerneville, CA. Estimated at a combined 5,200 square feet of rental space, the property sits on a large 2.1-acre parcel in the town of Rio Nido. Half of the units have been updated with new kitchens, bathrooms, flooring, individual water heaters, updated electrical and plumbing. Each of the eight units features a fireplace, washer/dryer hookups, front and back porches and spectacular views of the river and surrounding valley and hills. The property has new gutters and downspouts, is on city sewer and water, has separate meters for PG&E and does not require flood insurance. The county previously approved an 8-parcel subdivision map providing a potential resale opportunity (check with the County of Sonoma). This is an ideal location above the Russian River on a quiet street surrounded by attractive homes and nature. The property is only a short drive to a variety of wineries throughout Sonoma County and the various restaurants and stores in downtown Guerneville.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Foundation Details PillarPostPier Independent Parking Spaces 0 Lot Features PrivateShape Irregular Open Parking Spaces 0 Parking Features Street Parking Total 8 Roof Other Tandem Parking Spaces 0 View HillsRiverValleyVaries by UnitWoods

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 8 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling NoneOther Heating Other Laundry Features In Each UnitWasher/Dryer Hookups Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Gross Income 161724 Property Sub Type 5 or More Units Property Type ResidentialIncome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description ApartmentsHouse(s) Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Steven Level of Berkshire Hathaway: .


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-02-28T22:56:34.897.
 
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2280 Rockville Road
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