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885 Broadway
Sonoma, CA 95476
Multifamily Property For Sale
·
16 Units
EXECUTIVE SUMMARY
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 885 Broadway, 16 units in Sonoma. Comprising three (3) studios, two (2) 1 bed 1 bath, three (3) 2 bed 1 bath and eight (8) 2 bed 1.5 baths. The property has undergone significant upgrades in recent years, with ownership investing over $300,00 in capital investments.
NDA required to be signed by all interested purchasers before marketing materials can be made available. 885 Broadway is Property 12 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
NDA required to be signed by all interested purchasers before marketing materials can be made available. 885 Broadway is Property 12 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
PROPERTY FACTS
| Price Per Unit | $429,682 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.56% | Building Size | 18,004 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MU | ||
| Price Per Unit | $429,682 CAD |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 18,004 SF |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1/1,000 SF |
| Zoning | MU |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 465 |
| 1+1 | 1 | - | 750 |
| 2+1 | 1 | - | 900 |
| 2+1.5 | 2 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 018-411-011 | Improvements Assessment | $4,453,018 CAD |
| Land Assessment | $2,073,906 CAD | Total Assessment | $6,526,924 CAD |
PROPERTY TAXES
Parcel Number
018-411-011
Land Assessment
$2,073,906 CAD
Improvements Assessment
$4,453,018 CAD
Total Assessment
$6,526,924 CAD
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