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Listed by Jefrey Henderson • Jefrey Henderson, Broker
$ 2,850,000
Est. payment | /mo
8,232 SqFt
$ 2,850,000
Est. payment | /mo
8,232 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,232 sqft
Price per Sqft $346
MLS Listing ID ML82001890
HOA Y/N No
Year Built 1963
Lot Size 0.357 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Forced Air
Cooling None
Fireplace No
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745