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Multifamily

408 Keller Street

408 Keller St, Petaluma, CA 94952

Listing Price: $2,695,000

Cap Rate
5.30%
Number of Units
6
GRM
13.95
Occupancy
100.0%
Price/Unit
$449,167
Price/Gross SF
$453.70
Gross SF
5,940

Investment Overview

Marcus & Millichap is proud to present 408 Keller Street, a six-unit Multifamily property in the heart of Petaluma, California. The property consists of six, fully remodeled two-bedroom 1.5-bath, townhouse-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual in-come as well as the potential to add in unit laundry to further increase property cash flow.

Investment Highlights

  • Highly Sought-After Petaluma Historical Downtown Location
  • Fully Remodeled Units (2020 Remodel)
  • Strong Petaluma Rent Growth Estimates Through 2028

Exclusively Listed By

Multifamily

408 Keller Street

Listing Price: $2,695,000

Cap Rate
5.30%
Number of Units
6
GRM
13.95
Occupancy
100.0%
Price/Unit
$449,167
Price/Gross SF
$453.70
Gross SF
5,940

Investment Highlights

  • Highly Sought-After Petaluma Historical Downtown Location
  • Fully Remodeled Units (2020 Remodel)
  • Strong Petaluma Rent Growth Estimates Through 2028

Investment Overview

Marcus & Millichap is proud to present 408 Keller Street, a six-unit Multifamily property in the heart of Petaluma, California. The property consists of six, fully remodeled two-bedroom 1.5-bath, townhouse-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual in-come as well as the potential to add in unit laundry to further increase property cash flow.

Exclusively Listed By

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