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$3,000,000
Est. payment /mo
0.36 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82001890
HOA Y/N No
Year Built 1963
Annual Tax Amount $48,000
Lot Size 0.357 Acres
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 699 - Not Defined
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Roof Type Flat
Total Parking Spaces 12
Schools
School District Other
Others
Tax ID 01726222
Special Listing Condition Standard
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Listed by Jefrey Henderson • Jefrey Henderson, Broker