Description
50 Knudsten lane, is a 4-unit mixed-use property consisting of 4 buildings located in Petaluma, CA. The property was built circa 1915. It features 1 three-bedroom, two-bathroom SFR, 1 three-bedroom, one bathroom SFR, 1 two-bedroom, one bathroom SFR, and lastly, a Commercial Retail Restaurant space with a full commercial kitchen and grease trap. All of these buildings are single-level. The owners have managed this property locally for the last 35+ years with the help of local vendors; therefore has never paid a management fee. New ownership has the option to continue to self-manage for a greater ROI. Over the course of 35 years of ownership, the owner has had less than 10 vacancies, total. The property requires relatively very little upkeep and maintenance. There are washers/dryers in all SFR units. All 3 SFRs front doors are modern replacements. Each unit is separately metered. Public H2O. There is tremendous upside potential for this low-maintenance income producing property!
School Ratings & Info
Description
50 Knudsten lane, is a 4-unit mixed-use property consisting of 4 buildings located in Petaluma, CA. The property was built circa 1915. It features 1 three-bedroom, two-bathroom SFR, 1 three-bedroom, one bathroom SFR, 1 two-bedroom, one bathroom SFR, and lastly, a Commercial Retail Restaurant space with a full commercial kitchen and grease trap. All of these buildings are single-level. The owners have managed this property locally for the last 35+ years with the help of local vendors; therefore has never paid a management fee. New ownership has the option to continue to self-manage for a greater ROI. Over the course of 35 years of ownership, the owner has had less than 10 vacancies, total. The property requires relatively very little upkeep and maintenance. There are washers/dryers in all SFR units. All 3 SFRs front doors are modern replacements. Each unit is separately metered. Public H2O. There is tremendous upside potential for this low-maintenance income producing property!
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