151 Eddy Dr

This single-story, four-unit apartment building features two-bedroom, one-bath units, each with its own spacious backyard and front patio courtyard. Situated on a corner lot, the property offers added privacy. Every unit includes a one-car garage with washer and dryer hookups, and two units provide direct interior access. Long-term tenants currently pay below-market rents, projected to generate over $93K in annual gross income. With minimal operating expenses, the property's projected net operating income is expected to exceed $74K per year, yielding an impressive cap rate of over 8%. One move-in ready unit is vacant until the saleideal for owner-occupant buyers looking to secure both a home and an investment property. The property is connected to a public sewer and currently uses a shared well, but it has been approved for annexation into the City of Santa Rosa for public water. Priced at just $225,000 per unit, this offering presents an exceptional investment opportunity for both investors and first-time buyers alike.