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Listed by Jacob Friedrich • CoSol Commercial Real Estate
$ 1,699,000
Est. payment | /mo
17,424 SqFt
$ 1,699,000
Est. payment | /mo
17,424 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 17,424 sqft
Price per Sqft $97
MLS Listing ID 20241613
HOA Y/N No
Originating Board Tuolumne County AOR
Year Built 1949
Lot Size 0.400 Acres
Property Description
Welcome to the Washington Square Apartments!This property boasts a location that cannot be beat and a history of high occupancy. The apartments consist of 16 units including a single family home. The +/-0.4 acres is situated less than a quarter mile from the charming, downtown Sonora. Ownership has conducted all the heavy lifting here. The property’s exterior has received new siding and paint, and 7 interiors have been updated. A new owner will have an opportunity to continue remodeling unit interiors upon achieving a vacancy in order to bring rents up to market. Rents on the property are over 15% below market. Additionally, the property is zoned General Commercial which allows for potential future development.
Location
State CA
County Tuolumne
Interior
Heating Radiant
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl
Fireplace No
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Paul LeJoy
Broker-Owner | Lic# 01467744