14554 Memory Lane 14554 Memory Lane Guerneville, California 95446 United States
14554 Memory Lane Guerneville, California 95446 United States
$1,450,000
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8-Unit multi-family property with excellent current cash flow and significant rental upside. Built in 1940, the property is comprised of eight (8) individual cottages located above the Russian River in Guerneville, CA. Estimated at a combined...
- 5,200 Sq Ft.
- Interior
- 2.1 Acres
- Exterior
- Single Family Homes
- Property type
- 1940
- Year Built
- 323913752
- Web Id
- 323913752
- MLS ID
- 215
- days ago
About 14554 Memory Lane
8-Unit multi-family property with excellent current cash flow and significant rental upside. Built in 1940, the property is comprised of eight (8) individual cottages located above the Russian River in Guerneville, CA. Estimated at a combined 5,200 square feet of rental space, the property sits on a large 2.1-acre parcel in the town of Rio Nido. Half of the units have been updated with new kitchens, bathrooms, flooring, in-unit water heaters, updated electrical and plumbing. Each of the eight units features a fireplace, washer/dryer hookups, front and back porches and spectacular views of the river and surrounding valley and hills. The property has new gutters and downspouts, is on city sewer and water, has separate meters for PG&E and does not require flood insurance. The county previously approved an 8-parcel subdivision map providing a potential resale opportunity (check with the County of Sonoma). This is an ideal location above the Russian River on a quiet street surrounded by attractive homes and nature. The property is only a short drive to a variety of wineries throughout Sonoma County and the various restaurants and stores in downtown Guerneville.
Listing provided by Steven Level at Berkshire Hathaway
This Listing is for Sale .The listing status is Active located within Sonoma County
Any offer of compensation is made exclusively to Broker Participants of the MLS where the listing is filed.
Listing provided by Steven Level at Berkshire Hathaway
This Listing is for Sale .The listing status is Active located within Sonoma County
Any offer of compensation is made exclusively to Broker Participants of the MLS where the listing is filed.
features
- lot description
- River
Listing Courtesy of Berkshire Hathaway
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