308 N Washington ST Active Save Request In-Person Tour Request Virtual Tour
Sonora,CA 95370
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225069290
Year Built 1949
Lot Size 0.358 Acres
Property Sub-Type 5 or More Units
Property Description
Discover a value-add multifamily opportunity in the heart of downtown Sonora. Washington Square Apartments features 16 well-maintained units, including a single-family home, across a 5,620 square foot building situated on a 17,527 square foot lot. Just steps from the city's shops, restaurants, and civic amenities, the property boasts a history of high occupancy and long-term tenancy, with the average resident staying over 5 years. Recent exterior upgrades including new siding and paint and interior updates in 8 units give new ownership a head start on value-add improvements. Zoned General Commercial, the site also presents potential for future mixed-use or redevelopment. With current rents approximately 15% below market and room to increase utility and parking charges, this asset is ideal for investors seeking strong cash flow and long-term upside in a supply-constrained market.
Location
State CA
County Tuolumne
Area 22042
Interior
Heating Individual
Cooling Individual
Flooring Carpet,Laminate
Laundry In Common Area,Washer/Dryer Owned
Exterior
Parking Features Street,Leased
Utilities Available Other
Building
Lot Description Other
Story 2
Foundation Raised
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sonora
Middle Schools Sonora
High Schools Sonora Union High
School District Tuolumne
Others
Special Listing Condition None