6.07% Starting Cap Rate in Marin County! Excellent investment opportunity to own an upgraded 12-unit apartment complex with rental upside in coveted Marin County. Highlighted by a unit mix of eight (8) 2-bedroom, 1-bath units and four (4) 1-bedroom, 1-bath units, the subject property consists of two buildings located on three separate parcels in central Novato, CA. The property has undergone substantial renovations in the last few years including new roofs, new exterior stairways and decks, updated hardscape throughout including a newly paved courtyard, dual-pane windows in all units, new exterior paint and drought resistant landscaping. Two of the units have full interior remodels and four additional units have new flooring. The apartment complex features an on-site laundry room, carport parking and separate meters for gas and electric.
324023387
Multi-Family, 2 Story
Marin
1960
0.3705
Acres
Public
2
Public Sewer
7,700
Sq. Ft.
Yes
-8
spaces
Detailed Room Information
- Laundry
- Common Area
Exterior / Lot Features
- Parking
- 8 Carport Spaces. 12 Parking Spaces.
Financial Considerations
152-111-04
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