Description from Fannie Mae HomePath
870 3rd Street, Santa Rosa, CA 95404. 3 bed | 3 bath | 2,242 sq ft | built 1927 | 4,038 sq ft lot. Charming 1927 Vintage-Triplex offering an exceptional investment opportunity just minutes from Downtown Santa Rosa's shopping, restaurants, entertainment, and community events. This well-maintained property features three 1-bedroom, 1-bath units, each offering a living room, interior laundry, original hardwood floors, and updated kitchens and bathrooms. Two of the units are single-story, while Unit 3 is located at the rear of the property and includes an additional finished room, offering flexible space for a variety of uses. Unit 3 also includes accessible features, providing added flexibility for a variety of tenant needs. Current monthly rents are $2,150, $2,100, and $1,950, providing strong, stable income, with few vacancies and strong demand.Residents enjoy a shared gravel driveway and a small shared backyard area. Convenient street parking is also available through the City's monthly residential permit program (Confirm with the City). Recent improvements include the replacement of the Unit 3 roof in 2020. Blending timeless 1920s character with thoughtful updates and a prime location, this property presents an outstanding opportunity to own a quality income-producing investment.
