Gallery
Features
940 CIVIC CENTER DRIVE, ROHNERT PARK // $1,350,000
4-UNIT RESIDENTIAL INCOME PROPERTY
PROPERTY OVERVIEW
940 Civic Center Drive is a contemporary four unit residential income property that has been extremely well-maintained. All four units are two bedroom and one bath, and include either a yard (2 lower units) or a back deck (2 upper units) outdoor space. Each unit also includes a single-car garage and one outdoor parking space. The property is conveniently located near shopping, public transit and highway 101.
FEATURES
- 4 Residential Units in Country Club Pines
- Each Unit Has 2 Bedrooms and 1 Bath
- Contemporary Style Building
- Detached Garage With 4 Single-Car Garages
- 4 Outdoor Parking Spaces
- Laudry Room, With Machines Owned By Outside Company, Generates Approx. $40/Monthly
- 1 Vacant Unit Projected Rent $1,800/Monthly
- Updated Kitchens & Baths Units 1 & 4
- Updated Electrical Sub Panels Units 1 & 4
- New Furnaces Units 1,2,4
- New Roof Installed 2019
- PG & E Separately Metered
- Projected Annual Income: $82,500
- GRM: 16.36 | CAP: 4%
- Building Square Footage (As Per Tax Records): 3,372
- Lot Square Footage (As Per Tax Records): 8,900
- Year Built: 1976
- Parcel No. 143-750-011
FINANCIAL OVERVIEW
PROJECTED ANNUAL OPERATING INCOME
| List Price: | $1,350,000 |
| Price Per Sq Ft: | $400.36 |
| Price Per Unit (average): | $337,500 |
| GRM: | 16.36 |
| CAP Rate: | 4% |
| Projected Annual Income: | $82,500 |
| Estimated Annual Expenses: | $29,983 |
| Net Operating Income: | $52,517 |
ESTIMATED ANNUAL EXPENSES
| Property Tax At List Price: | $16,605 |
| Property Insurance: | $2,177 |
| Water: | $3,545 |
| Garbage: | $1,906 |
| PG & E Common Area Meter: | $2,250 |
| Janitorial Service: | NA |
| Maintenance and Repairs (est.): | $3,500 |
| Total Estimated Annual Expenses: | $29,983 |
| Unit No. | Location | Unit Type | Parking | Current Rent | Rental Deposit | Move-In Date |
| 1 | Upper Level | 2 BR, 1 BA | 1 Car Garage & 1 Space | Projected $1,800 | NA | Vacant |
| 2 | Upper Level | 2 BR, 1 BA | 1 Car Garage & 1 Space | $1,525 | $2,000 |
July 26, 2013 |
| 3 | Lower Level Ground Floor | 2 BR, 1 BA | 1 Car Garage & 1 Space | $1,675 | $2,900 | February 3, 2015 |
| 4 | Lower Level Ground Floor | 2 BR, 1 BA | 1 Car Garage & 1 Space | $1,875 | $2,275 | April 1, 2019 |
| Total Projected Monthly Income 4 Units | $6,875 |
| Total Projected Annual Income 4 Units | $82,500 |
Property photographs in this website and on the MLS include unit 1 (vacant) and unit 4.
Property specialist and listing agent, Angelo Cosentino, is at the ready to help you find the right fit for your lifestyle and needs. Call (415) 298-9171 from 7 am to 7 pm, any day of the week.
For advice and tips on preparing your property for sale, email [email protected] or visit www.angelocosentino.com for more information.
Neighborhood
Incorporated in 1962, Rohnert Park is a relatively new Sonoma County community located just off Highway 101 about 50 miles north of San Francisco. Rohnert Park is a popular with families who enjoy the city’s small-town feel and relaxed pace. To take advantage of the great climate, Rohnert Park maintains an extensive array of recreation facilities, including parks, tennis courts, swimming pools, softball and baseball fields, soccer fields, and numerous picnic and barbecue areas. Sonoma State University is located in Rohnert Park, which makes a huge impact when it comes to cultural and educational offerings -- including lectures, performing arts, and courses open to the public. The Green Music Center, on the campus of Sonoma State University features a 1,400-seat concert hall, a 250-seat recital hall, and an outdoor performance space with seating for 10,000. The city-owned Spreckels Performing Arts Center hosts plays and musicals.
Schedule
Showings, Open Houses & Brokers Tours:
Contact Angelo at (415) 298-9171 to arrange an in-person showing. COVID-19 compliant. PEAD-V form to be signed by all visitors. Face mask and hand sanitizer required. Thank you for helping to keep our community safe and healthy.
Contact Angelo Cosentino at Compass
(415) 298-9171
[email protected]
Contact
Angelo Cosentino
Top Ranking Listing AgentExperienced | Tech Savvy | ReviewsCompassDRE# 01224460(415) 298-9171 mobilewww.angelocosentino.com
