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Listed by Jefrey Henderson • Jefrey Henderson, Broker
$ 3,450,000
Est. payment | /mo
5,342 SqFt
$ 3,450,000
Est. payment | /mo
5,342 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,342 sqft
Price per Sqft $645
MLS Listing ID ML82013904
HOA Y/N No
Year Built 1975
Lot Size 0.317 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
515 B Street is a premier investment opportunity for local ownership groups to own the Brookside Apartments, a boutique multifamily property located in the Gerstle Park market of San Rafael. The property was built in 1975 and boats 10 one-bedroom, one-bathroom units on a quiet street near downtown San Rafael. The location attracts high-quality tenants with substantial rental upside through programmatic A+ finishes. This opportunity boasts high in-place rents and ownership has done significant capital improvements including, but not limited to, seismic retrofit completed, roof replaced with 60mil TPO, SB 721 Balcony Inspection & repairs completed. The Brookside Apartments is a nearly turnkey investment with rental upside.
Location
State CA
County Marin
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745