3076 Marlow RdSanta Rosa, CA 95403

Property Details for 3076 Marlow Rd

Year built

1984

Construction

WOOD

Lot size

5.69 AC

Property size (Sq ft)

85,920 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

036-021-040-000

APU

36021040000

Description

This exceptional 116-unit apartment community in Santa Rosa, California, presents a compelling investment opportunity. Situated on approximately 6.36 acres, the property boasts 85,920 square feet of living space, encompassing 53 two-bedroom/two-bathroom units, 62 one-bedroom/one-bathroom units, and one three-bedroom/two-bathroom unit. The meticulously maintained grounds feature beautiful landscaping, expansive lawns, and mature trees, creating a tranquil and desirable living environment. Unit amenities include air conditioning, balconies/patios, dishwashers, disposals, fireplaces, microwaves, refrigerators, and satellite/cable TV hookups. Community amenities are equally impressive, offering a fitness center, laundry facilities, a spa, a pet play area, and on-site management. The property benefits from secured entry, controlled access, and assigned parking (one covered and one uncovered space per unit). Recent upgrades include new appliances (stove, refrigerator, dishwasher, disposal) and light fixtures in the units. The property's location offers convenient access to freeways and nearby transportation, while maintaining a quiet, peaceful atmosphere. The asking price is $42,500,000, presenting significant upside potential in rental rates. This is a truly remarkable opportunity to acquire a well-maintained, high-occupancy apartment complex in a desirable Santa Rosa location. The property is located at 3076 Marlow Rd, Santa Rosa, CA 95403.

• CAP approach

  CAP return

  Valuation

  6%

  $29,229,468

  6.5%

  $26,981,048

  7%

  $25,053,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,437,308

  Geo Method

  $19,014,870

• Alternative Use

  Use

  Valuation

  Residential

  $26,981,048

  Hospitality

  $24,714,494

  Educational

  $20,562,170

  Medical

  $21,269,334

  Retail

  $31,985,598

Location Insight

City

Santa Rosa

County

Sonoma

State

California

Latitude

38.465

Longitude

-122.75

CBSA code

42220

CBSA name

SANTA ROSA-PETALUMA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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