14615 River Rd
Guerneville, CA 95446
Multifamily Property For Sale · 5 Units
INVESTMENT HIGHLIGHTS
- Fully occupied with two tenants occupying for over 10 years
- Some renovation after floods of 2019
- Russian River access
- Located minutes from Russian River recreation areas and world class wineries
PROPERTY FACTS
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 1,974 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2020 |
SITE AMENITIES
- Waterfront
ABOUT 14615 RIVER RD , GUERNEVILLE, CA 95446
Riverview Apartments is a five unit, fully occupied investment property located on the Russian River with amazing views and River access. Unit A & C are one-bedroom & Units B, D & E are studios. There are 3 levels of decks with views of the Russian River. Great investment property or live in one and rent the others out. Property is in the flood zone. The lower Unit E flooded in February 2019 and was rebuilt with flood insurance. Some exterior renovations completed in 2020 but property still has some deferred maintenance. Property may be difficult to finance. Just a 20 min drive from Hwy 101 just past the vineyards of Korbel winery. See Drone Virtual Tour Video.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | $825.00 | 285 - 384 |
| 1+1 | 2 | $1,025 | 393 - 531 |
PROPERTY TAXES
| Parcel Number | 070-400-001 | Improvements Assessment | $118,168 |
| Land Assessment | $45,975 | Total Assessment | $164,143 |
ZONING
| Zoning Code | R1,B6 |
