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308 N Washington Street

Sonora, CA 95370
  • $1,850,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 223001741
UPDATED: 54 min ago
$1,850,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1949
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

The Washington Square Apartments consist of 16 units including a single family home. The +/- 0.4 acres is situated less than a quarter mile from the charming, downtown Sonora. This property boasts a location that cannot be beat and a history of high occupancy. The property has historically been operated as a 55+ community given the smaller unit mix and parking requirement, however there are no deed restrictions or affordability requirements. Ownership has conducted all the heavy lifting here. A new owner will have an opportunity to continue remodeling unit interiors upon achieving a vacancy in order to bring rents up to market. Rents on the property are over 15% below market. Additionally, the property is zoned General Commercial which allows for short term rentals. In a highly restrictive short term rental environment such as Sonora, an investor will be able to leverage the property to capitalize on the pent-up demand in this space.

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Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-01-30T06:40:09.09. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.norcalhomepros.com/homes/135897065
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308 N Washington Street Sonora, CA 95370

  • Price: $1,850,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 54 min ago
  • MLS #: 223001741
0
Beds
0
Baths
0
½ Baths
0.36
Acres
1949
Built
Neighborhood:
Sonora
County:
Tuolumne
Area:
Sonora
Elementary School:
Sonora
Middle School:
Sonora
High School:
Sonora Union High
School District:
Tuolumne
Property Description
The Washington Square Apartments consist of 16 units including a single family home. The +/- 0.4 acres is situated less than a quarter mile from the charming, downtown Sonora. This property boasts a location that cannot be beat and a history of high occupancy. The property has historically been operated as a 55+ community given the smaller unit mix and parking requirement, however there are no deed restrictions or affordability requirements. Ownership has conducted all the heavy lifting here. A new owner will have an opportunity to continue remodeling unit interiors upon achieving a vacancy in order to bring rents up to market. Rents on the property are over 15% below market. Additionally, the property is zoned General Commercial which allows for short term rentals. In a highly restrictive short term rental environment such as Sonora, an investor will be able to leverage the property to capitalize on the pent-up demand in this space.
Exterior Features

Carport Spaces 0.00 Construction Materials Frame Covered Spaces 0.00 Foundation Raised Independent Parking Spaces 0 Lot Features Other Num Of Floors 2 Num Of Guest Spaces 0 Open Parking Spaces 0.00 Parking Features StreetLeased Tandem Parking Spaces 0 Total Parking Spaces 12.00

Interior Features

Cooling Individual Flooring CarpetLaminate Heating Individual Laundry Features In Common AreaWasher/Dryer Owned Num Of Rooms 0 Num Of Studio Units 9 Num Of1 Bedroom Units 6 Num Of2 Bedroom Units 1 Num Of3 Bedroom Units 0 Num Of4 Bedroom Units 0 Unit1 Approx Sq Ft 400 Unit1 Bedrooms 1 Unit1 Full Baths 1 Unit1 Partial Baths 0 Unit1 Rent 875 Unit1 Rooms 4 Unit2 Approx Sq Ft 0 Unit2 Bedrooms 0 Unit2 Full Baths 0 Unit2 Partial Baths 0 Unit2 Rent 0 Unit2 Rooms 0 Unit3 Approx Sq Ft 0 Unit3 Bedrooms 0 Unit3 Full Baths 0 Unit3 Partial Baths 0 Unit3 Rent 0 Unit3 Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Bedrooms 0 Unit4 Full Baths 0 Unit4 Partial Baths 0 Unit4 Rent 0 Unit4 Rooms 0

Property Features

1 Bedroom Annual Occupancy 0 2 Bedroom Annual Occupancy 0 3 Bedroom Annual Occupancy 0 4 Bedroom Annual Occupancy 0 Association No Association Fee 0 Elevation 0 Income Includes Rent OnlyLaundryParking Irrigation Other Lease Deposit 0 Num Of Commercial Units 0 Property Subtype 5 Or More Units Property Type Residential Income Sewer Public Sewer Special Listing Conditions None Studio Annual Occupancy 0 Subtype Description Apartments Utilities Other Water Source Public Zoning General Commercial

Metrolist MLS logo Listing provided courtesy of Cosol Commercial Real Estate: . Listing information © 2023 MetroList Services, Inc.


Metrolist MLS logo © 2023 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2023-01-30T06:40:09.09. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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