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$ 2,800,000
Est. payment | /mo
8,568 SqFt
$ 2,800,000
Est. payment | /mo
8,568 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $326
MLS Listing ID ML82001888
HOA Y/N No
Year Built 1971
Lot Size 0.456 Acres
Acres 0.46
Property Sub-Type Other
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
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
Sewer Private Sewer
New Construction No
Others
Tax ID 01726211
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Listed by Jefrey Henderson • Jefrey Henderson, Broker