Homes for sale - 308 N Washington ST, Sonora, CA 95370

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Rose Gonzales

soldbyrose@gmail.com +1(925) 922-3901

$ 1,649,000

Est. payment | -/mo

0.36 Acres Lot

Save

$ 1,649,000

Est. payment | -/mo

Save

0.36 Acres Lot

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225069290

HOA Y/N No

Year Built 1949

Lot Size 0.358 Acres

Acres 0.3583

Property Sub-Type 5 or More Units

Source MLS Metrolist

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

Direction Highway 49 into Downtown Sonora, left on N Washington St. One mile down on your left before the high school

Interior

Heating Individual

Cooling Individual

Flooring Carpet, Laminate

Laundry In Common Area, Washer/Dryer Owned

Exterior

Parking Features Street, Leased

Utilities Available Other

Water Access Desc Public

Total Parking Spaces 12

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

Senior Community No

Tax ID 001-091-002

Special Listing Condition None

Listed by Cosol Commercial Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(925) 922-3901

soldbyrose@gmail.com

United States

308 N Washington ST Sonora, CA 95370