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9/29/14
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Rose Meadow Apartments, a 19-unit apartment property located in Santa Rosa, sold for $3.675 mil, or $193.4k/unit. Built in 1986, Rose Meadow Apartments is located at 2150 Meadowbrook Ct, west of Hwy 101 and just north of Guerneville Rd.
The property consists of a single L-shaped two-story, wood-framed building with stucco and wood exterior and pitched composition roofs, sitting on one acre of land. The unit mix consists of 17 three-bedroom/two-bath units, one two-bedroom/ one-bath unit and one one-bedroom/one-bath unit.
The units are well appointed with gas cooking and heating, a mix of granite and formica countertops, refrigerators, dishwashers, carpet and vinyl flooring throughout, two-tone paint, vertical window blinds, and either a private patio or balcony. The property is well landscaped with mature trees, lawns, shrubbery, a picnic table, and a laundry room for the residents' use. Every unit is provided with one covered carport and access to the additional 28 open spaces on-site.
Brad Pennington and John Garrett with Marcus & Millichap represented the seller, a limited liability company.
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