20 Marian CT, San Rafael, CA 94901 - MLS#ML82001890

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Jefrey Henderson • Jefrey Henderson, Broker

$ 2,850,000

Est. payment | -/mo

2 Beds

1 Bath

8,232 SqFt

Save

$ 2,850,000

Est. payment | -/mo

Save

2 Beds

1 Bath

8,232 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,232 sqft

Price per Sqft $346

MLS Listing ID ML82001890

Bedrooms 2

Full Baths 1

Year Built 1963

Lot Size 0.357 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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

Garage Spaces 12.0

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch

Building

Foundation Crawl Space

Sewer Sewer - Private

Water Individual Water Meter

Others

Tax ID 017-262-22

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

20 Marian CT San Rafael, CA 94901