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Listed by Steven Level • Berkshire Hathaway
$ 4,395,000
Est. payment | /mo
10,368 SqFt
$ 4,395,000
Est. payment | /mo
10,368 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 10,368 sqft
Price per Sqft $423
MLS Listing ID 325023445
HOA Y/N No
Year Built 1966
Lot Size 0.528 Acres
Property Sub-Type 5 or More Units
Property Description
Excellent investment opportunity to acquire a well-maintained 15-unit apartment complex located on a corner lot in Novato, CA. Highlighted by a unit mix of thirteen (13) 1-bedroom, 1-bath townhouse-style units and two (2) 2-bedroom, 1-bath townhouse-style units, the subject property consists of three buildings located on over a half-acre parcel in the coveted Marin County rental market. All units have updated interiors including flooring, paint, appliances and fixtures. A stucco skim coat and exterior paint was completed in 2021 and the water heaters were replaced in 2022. There are dual-pane windows throughout and each building has a pitched composite shingle roof. The apartment complex features separate storage units for each apartment, an on-site laundry room, abundant carport parking and separate meters for gas and electric. The property is located minutes away from Downtown Novato, which includes Whole Foods Market, Trader Joe's, Rustic Bakery, Starbucks, and many other shops, restaurants and entertainment activities. Located just 25 miles north of San Francisco and less than 20 miles from the town of Sonoma, this apartment complex is surrounded by everything Northern California has to offer.
Location
State CA
County Marin
Area Novato
Interior
Heating Baseboard
Cooling None
Flooring Varies by Unit
Exterior
Parking Features Carport, Off Street, Street, Uncovered
Garage Spaces 22.0
Roof Type Composition,Shingle
Building
Foundation Concrete, Slab
Sewer Public Sewer
Water Public
Others
Special Listing Condition Offer As Is
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Milli Cannata
Broker Associate | Lic# DRE# 01990936