4964-4984 Hessel Rd
Sebastopol, CA 95472
Multifamily Property For Sale · 7 Units

The subject property is a bucolic 3.58-acre parcel of gently sloped land with five single-family homes and a duplex. Three of the homes front of Hessel Rd., two of which are three bedrooms with attached garages and ample off-street parking, the third home is a two bedroom with a large driveway. All three of the homes have a dedicated front and enclosed backyards providing privacy, storage, and ample outdoor living space. Set back from the road and toward the western half of the parcel are the four remaining homes. 4968 is a renovated two-bedroom farmhouse which has a large and dedicated storage building that is detached and included in the rent. 4978 is a one bedroom cottage that sits in a beautiful grove of trees and 4982-4984 is a duplex featuring (1) 1 bed and (1) 2 bed unit. This cash cow of a rental property generates $183,300 annually and is in a highly desirable and safe location for families or professionals looking for a spacious and private alternative to high-density apartment living. The property's operating history shows consistent rental demand and very stable tenancy providing for a highly durable income stream. The property’s well and septic systems keep operating expenses low providing for an unbeatable cap rate of 6.67% in Sonoma County. Furthermore, the current owner has invested significantly into unit renovations and capital improvements in the last two years.