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Listed by Nancy Neal Navigate Real Estate
$ 1,083,330
Est. payment /mo
New
8276 Lancaster DR Cotati, CA 94931
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 326061939
HOA Y/N No
Year Built 1984
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type 5 or More Units
Property Description
Exceptional investment opportunity in a desirable Cotati location! This two-story five-plex features five identical, single-level 2-bedroom, 1-bath flats, with 3 units on the ground floor and two on the upper level. Lower units enjoy private fenced patios and yard areas, while the upper units feature expansive decks, providing inviting outdoor living spaces for every resident. Each unit includes its own one-car garage, with additional parking located behind the building. Residents also enjoy professionally managed on-site laundry facilities as well as access through a gated entry to a shared common area, offering extra space to relax, play, or gather. This property has been in the same family for decades and has long-term tenants. The seller has completed the required balcony inspections and intends to complete all recommended balcony and related repairs prior to the close of escrow, providing added peace of mind and reducing future maintenance concerns for the new owner. Ideally located in a quiet, easily accessible neighborhood, the property is within an easy walk or bike ride to Oliver's Market, shopping, restaurants, parks, and other everyday conveniences. Combining a strong unit mix, desirable tenant amenities, thoughtful site design, and a sought-after location, this five-plex presents an outstanding opportunity for investors seeking a quality location with long-term upside. Please note this unit must be purchased and closed concurrently with the 4 unit building next door. (8270 Lancaster Dr, listed separately MLS# 326060323).
Location
State CA
County Sonoma
Area Cotati/Rohnert Park
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Laundry Coin Operated, Washer/Dryer Leased, Other
Exterior
Garage Spaces 5.0
Waterfront Description Public
Total Parking Spaces 2
Private Pool No
Building
Lot Description Landscape Front, Sidewalk
Story 2
Sewer Public Sewer
Water Public
Others
Tax ID 144302035000
Special Listing Condition Other
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