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Listed by Jefrey Henderson • Jefrey Henderson, Broker
$ 2,850,000
Est. payment | /mo
2 Beds
1 Bath
8,232 SqFt
$ 2,850,000
Est. payment | /mo
2 Beds
1 Bath
8,232 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,232 sqft
Price per Sqft $346
MLS Listing ID ML82001890
Bedrooms 2
Full Baths 1
Year Built 1963
Lot Size 0.357 Acres
Property Sub-Type Five or More Units
Property Description
20 Marian Court Apartments (the Property) comprised of 10 market rate units in San Rafael, California. Comprised of all 2 Bedroom, 1 Bathroom floorplans, this property is the ideal location and mix for the target demographic. In-place rents are nearly $600 below market rents and an additional $250+ in renovation premiums allowing for a value add investor to stabilize at a 6.57% cap rate.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Crawl Space
Sewer Sewer - Private
Water Individual Water Meter
Others
Restrictions None
Tax ID 017-262-22
Security Features None
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896