715 Western consists of three very attractive, detached rental homes that have been significantly improved. The main home is a gorgeous 3-bedroom, 2.5-bathroom house, originally constructed in 1927, that has been thoughtfully upgraded, maintaining numerous period details. There is also a charming 2-bedroom, 1-bathroom house, and a cute 1-bedroom, 1-bathroom cottage. More than half of the massive lot (.44 acres) is undeveloped and offers tremendous upside to the creative investor who may wish to explore the potential for ADU's. The property's location, just a short walk to downtown Petaluma, is in strong demand from renters and prospective homeowners. As a result, 715 Western attracts excellent tenants and will likely always be fully occupied at top-of-the-market rents. This is an excellent opportunity for an investor or an owner-occupant to acquire an exceptional property that should provide immediate cash flow with long-term appreciation and potentially significant development upside.
Listed by John Garrett, Marcus & Millichap
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