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$ 2,650,000
Est. payment | /mo
0.46 Acres Lot
$ 2,650,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82001888
HOA Y/N No
Year Built 1971
Annual Tax Amount $40,000
Lot Size 0.456 Acres
Property Description
16 Marian Court Apartments (the Property) comprised of 11 market rate units in San Rafael, California. Comprised of (7) 1 Bedroom, 1 Bathroom floorplans, and (4) 2 Bedroom, 1 Bathroom floorplans. This property is the ideal location and mix for the target demographic. In-place rents are nearly $500 below market rents and an additional $250+ in renovation premiums allowing for a value-add investor to stabilize at a 6.18% cap rate.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 14
Schools
School District Other
Others
Tax ID 01726211
Special Listing Condition Standard
Listed by Jefrey Henderson Jefrey Henderson, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "