House for sale, 151 Eddy Dr Santa Rosa Southwest, in Santa Rosa, United States

This single-story, four-unit apartment building features two-bedroom, one-bath units, each with a spacious backyard and a front patio courtyard. Situated on a corner lot, the property offers added privacy and convenient public parking to the west. Every unit has a one-car garage, with two units offering direct interior access. Long-term tenants currently pay below-market rents, generating $92,544 in annual gross income. With minimal operating expenses, the property's net operating income (NOI) exceeds $72,300 per year yielding an impressive cap rate of over 8%. The property is on a public sewer and currently uses a well, but it is approved for annexation into the City of Santa Rosa for public water. Priced at only $225,000 per unit, this property presents an exceptional investment opportunity!