2553 Corby Ave, Santa Rosa, CA 95407

Property Description

6.25 Starting Cap Rate + ADU Conversion Potential! This exceptional Southwest Santa Rosa triplex is an investor's dream featuring three cash-flowing 2-bedroom, 1-bathroom units, plus a massive value-add upside. The property already features 4 Separate PG&E Electric & Gas meters. The 4th meter exclusively services the current common laundry room, offering a seamless, cost-effective opportunity to possibly convert the space into a 4th income stream as a studio ADU without the nightmare of utility split expenses or city meter delays. Tucked down a quiet shared lane, the single-level property boasts low-overhead operations with tenants paying their own gas, electric, and trash. Features energy-efficient dual-pane windows, private fenced patios for each unit, and 6 total parking spaces (3 carports). Turnkey today with great upside for tomorrow. Schedule your tour now!