20 Marian CT new Save Request In-Person Tour Request Virtual Tour
San Rafael,CA 94901
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,232 sqft
Price per Sqft $364
MLS Listing ID ML82001890
Bedrooms 2
Full Baths 1
Year Built 1963
Lot Size 0.357 Acres
Property Sub-Type Five or More Units
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 San Rafael
Interior
Heating Central Forced Air
Cooling None
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Crawl Space
Sewer Sewer - Private
Water Individual Water Meter
Others
Restrictions None
Tax ID 017-262-22
Security Features None
Special Listing Condition Not Applicable