1000 Terrace Drive , A & B

    Napa, CA 94559
    • $679,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 22008624
    UPDATED: 24 min ago
    $679,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,260
      SQFT
    • $539
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Rare wine country opportunity, multi-income producing investment. 1000 Terrace Drive is a charming Napa duplex that's already extraordinary in addition to brimming with potential. Each unit has one bed and one bath situated on an almost 12,000 square foot lot, with the option to build up to SIX total units including one commercial. Each unit has a garage with laundry, while the additional third car garage has been rented for storage. The sky is the limit when it comes to ideas for capitalizing on this investment. Want to build a commercial unit with a modern apartment on top? You can! Want to build additional residential spaces for passive income? You can! Located minutes away from the chic and trendy downtown Napa, Oxbow Public Market, numerous wineries, and breweries. Perfect for the savvy investor. Don't miss your chance to own this gem!

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2020-06-01T08:59:53.237.
    www.sonomamarinhomes.com/homes/105286939

    1000 Terrace Drive , A & B Napa, CA 94559

    • Price: $679,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 22008624
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1,260
    SQFT
    $539
    $/SQFT
    1964
    Built
    Neighborhood:
    Napa
    County:
    Napa
    Area:
    Napa
    Property Description
    Rare wine country opportunity, multi-income producing investment. 1000 Terrace Drive is a charming Napa duplex that's already extraordinary in addition to brimming with potential. Each unit has one bed and one bath situated on an almost 12,000 square foot lot, with the option to build up to SIX total units including one commercial. Each unit has a garage with laundry, while the additional third car garage has been rented for storage. The sky is the limit when it comes to ideas for capitalizing on this investment. Want to build a commercial unit with a modern apartment on top? You can! Want to build additional residential spaces for passive income? You can! Located minutes away from the chic and trendy downtown Napa, Oxbow Public Market, numerous wineries, and breweries. Perfect for the savvy investor. Don't miss your chance to own this gem!
    Exterior Features

    Exterior Stucco Foundation Construct Reinforced Concrete Garage Parking 4-7 CarsGarage Lot Description Upslope Pool No Roof Composition Style Traditional Type 2 Story View No

    Interior Features

    Fireplace No Laundry Appliance In Each Unit Unit1 Approx Sq Ft 1260 Unit1 Baths Full 1 Unit1 Bedrooms 1 Unit1 Half Baths 0 Unit1 Includes Central AirCentral HeatElectricWasher/Dryer Unit1 Sq Ft Source Tax Record Unit1 Total Rooms 2 Unit2 Approx Sq Ft 1260 Unit2 Baths Full 1 Unit2 Bedrooms 1 Unit2 Half Baths 0 Unit2 Includes Central AirCentral HeatElectricWasher/Dryer Unit2 Sq Ft Source Tax Record Unit2 Total Rooms 2 Unit3 Approx Sq Ft 0 Unit3 Total Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Total Rooms 0

    Property Features

    Auction No Cap Rate 5.40 City Transfer Tax Yes City Transfer Tax Rate 0.00 Common Int Dev No Deposits 0.00 Est Ann Net Income 12267.00 Est Insurance Exp 1050.00 Est Maintenance Exp 350.00 Est Management 0.00 Est Misc Expenses 10864.00 Est Taxes 8073.00 Est Total Annual Exp 20337.00 Est Utilities Exp 0.00 Expense Source Owner GRM 20.83 Gross Scheduled Inc 32604.00 Monthly Expenses 1694.75 Monthly Income 2717.00 Multifamily Type Multi Unit 2-4 New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageInsuranceLegalMaintenanceTaxes/AssessmentsWater Planned Unit Develop No Projected Or Actual Actual Sewer Septic Sewer Public Square Footage Source Realist Public Rec Transaction Type Sale Unit1 Rents For 1700.00 Unit2 Rents For 1700.00 Unit3 Rents For 0.00 Unit4 Rents For 0.00 Water Source Water-Public Year Built Source Realist Public Rec

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Nicole Solari of Level Up Realty - Solari Group.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2020-06-01T08:59:53.237.
     
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