Description
The Washington Square Apartments consist of 16 units including a single family home. The +/- 0.4 acres is situated less than a quarter mile from the charming, downtown Sonora. This property boasts a location that cannot be beat and a history of high occupancy. The property has historically been operated as a 55+ community given the smaller unit mix and parking requirement, however there are no deed restrictions or affordability requirements. Ownership has conducted all the heavy lifting here. A new owner will have an opportunity to continue remodeling unit interiors upon achieving a vacancy in order to bring rents up to market. Rents on the property are over 15% below market.
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0BEDS
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0.36ACRES
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0BATHS
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01/2 BATHS
School Information
Description
The Washington Square Apartments consist of 16 units including a single family home. The +/- 0.4 acres is situated less than a quarter mile from the charming, downtown Sonora. This property boasts a location that cannot be beat and a history of high occupancy. The property has historically been operated as a 55+ community given the smaller unit mix and parking requirement, however there are no deed restrictions or affordability requirements. Ownership has conducted all the heavy lifting here. A new owner will have an opportunity to continue remodeling unit interiors upon achieving a vacancy in order to bring rents up to market. Rents on the property are over 15% below market.
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