16 Marian CT Active Save Request In-Person Tour Request Virtual Tour
San Rafael,CA 94901
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $309
MLS Listing ID ML82001888
Bedrooms 3
Full Baths 2
Year Built 1971
Lot Size 0.456 Acres
Property Sub-Type Five or More Units
Source MLSListings, Inc.
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 San Rafael
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Assigned Spaces
Garage Spaces 14.0
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Crawl Space
Sewer Sewer - Private
Water Individual Water Meter
Others
Tax ID 017-262-11
Special Listing Condition Not Applicable