This rare 13-unit apartment development opportunity is fully entitled by the City of Petaluma, presenting the culmination of great effort by architect and designer Jerry Kler and his team. New product is extremely scarce in Petaluma, and this strategically located and manageable project is located within walking distance of the new SMART line and super close proximity to the trending historic downtown area, shopping, restaurants, schools and other amenities. With a unique design approved for 12 two-bedroom two-bath townhome style units with an upstairs loft in a spacious 1,115 sq. ft naturally lit floorplan, and one studio low-income unit. Enclosed garages, open parking, courtyards, private balconies, open space, a workout room, a pool and barbeque area and expectation of high rent demand for a scarce product oriented toward a younger affluent tenant base. A great developer's project in a high-demand, culturally growing city.
|DAYS ON MARKET||12||LAST UPDATED||9/15/2020|
|STATUS||Active||PROPERTY TYPE(S)||Lots & Land|
|# OF LOTS||1 Lot|
|CITY TRANSFER TAX||No|
|EXISTING STRUCTURES||Misc Bldg(s), Residence/Teardown|
|LB LOCATION||No Lockbox|
|LEASE TYPE||Net, Net|
|LOT SIZE SOURCE||(Builder)|
|PLANNED UNIT DEVELOP||No|
|PROPERTY SUBTYPE 1||Residential|
|PROPERTY TYPE||Lots & Land|
|SHOWING||None, See Confidential|
|SPECIAL ZONES||Flood Zone|
|STREET DESCRIPTION||City Street|
|UTILITIES||City, Elec Avail, Gas Avail|
|WATER SOURCE||Water Public|
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Listing provided by David Sanford, Newport Apartment Group
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