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8690 Old Redwood Hwy 7 Unit Apartment Building $2,750,000 ($392,857/Unit) 6.23% Cap Rate Windsor, CA 95492
Executive Summary
Located in the vibrant town of Windsor, just south of Healdsburg, Redwood Townhomes is a rare investment opportunity featuring seven thoughtfully designed townhomes on a large flag lot with dual street access nearby downtown shopping and dining. Comprised of four-3bedx1.5bath and three-2bedx1.5bath townhomes built in 1990, each unit is individually metered for utilities (paid by tenant) and features lower level with living/dining combo, kitchen with gas range, dishwasher and access to private enclosed yard, half bath and laundry hookups, upper level bedrooms and bathroom, and a detached garage. Five of the seven units have been renovated with luxury plank flooring, shaker kitchen cabinetry, quartz countertops, tiled backsplash, stainless appliances, tiled bathroom flooring, new vanity and tub/shower surround. With strong fundamentals and a starting Cap Rate of 6.23%, this opportunity won't be available for long! Showings by appointment only - do not disturb tenants.
Property Facts
| Price | $2,750,000 | Apartment Style | Townhome |
| Price Per Unit | $392,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 6.23% | Building Size | 7,152 SF |
| Gross Rent Multiplier | 11.44 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1989 |
| Property Subtype | Apartment | Parking Ratio | 1.96/1,000 SF |
| Zoning | R3, Windsor | ||
| Price | $2,750,000 |
| Price Per Unit | $392,857 |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Gross Rent Multiplier | 11.44 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 7,152 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1989 |
| Parking Ratio | 1.96/1,000 SF |
| Zoning | R3, Windsor |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 3 | - | - |
| 3+1.5 | 4 | - | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 164-040-029 | Improvements Assessment | $1,255,022 |
| Land Assessment | $492,139 | Total Assessment | $1,747,161 |
Property Taxes
Parcel Number
164-040-029
Land Assessment
$492,139
Improvements Assessment
$1,255,022
Total Assessment
$1,747,161
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8690 Old Redwood Hwy
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