Paragon Commercial Brokerage, Inc. is pleased to present Marketplace Apartments, a 28 unit apartment property, located in beautiful
Santa Rosa, California, approximately 57 miles north of San Francisco. Marketplace Apartments is a sprawling apartment community on
nearly one acre of land, in a nice residential and commercial neighborhood, consisting of 28 one bedroom apartments. There are two
buildings, one with 16 units and the other with 12. Built in 2004, the apartments have attractive and functional floorplans with ample
space. All units have decks or patios. There is a separate laundry building with 3 washers and 3 dryers. There are 42 parking spaces,
including 28 covered carports and 14 open spaces. The units are separately metered for gas and electricity and have their own heating
and hot water heating systems.
The Marketplace Apartments complex is excellently located in the City of Santa Rosa, in Sonoma County, a short 57 mile drive to San
Francisco. The property is in a mixed residential and commercial neighborhood, near Mendocino Avenue and Highway 101, the main
highway between San Francisco and Santa Rosa. It is adjacent to the Mendocino Marketplace, which includes a 56,000 sq. ft. Safeway
supermarket and 32,000 sq. ft. of in-line retail space, which houses tenants such as Peets Coffee, Panda Express, Extreme Pizza and more.
Santa Rosa offers a wide variety of services and recreational opportunities. It has well planned business areas and a lively downtown. Local
grammar, middle and high schools are excellent, and Sonoma State University, University of San Francisco- North Bay Regional Campus
and Santa Rosa Junior College are nearby. Santa Rosa’s population is over 150,000 and has a median income of $ 74,000. Employment
opportunities for Santa Rosa residents are excellent, spreading from Santa Rosa down to Marin and San Francisco, as well as across the
Marketplace Apartments offers an excellent investment opportunity with good current returns and ample rental upside.