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$2,800,000

Est. payment - /mo

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0.46 Acres Lot

Active

16 Marian CT San Rafael, CA 94901

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The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

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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

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