Marian
san rafael, CA 94901$2,800,000
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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.
Details
8,568 Sq Ft
0.456 Private Acres Exterior Space
Investment
Built in 1971
MLS/Listing ID ML82001888
Amenities & Features
Crawlspace
Flat
Listing Courtesy of JEFREY HENDERSON, BROKER, JEFREY HENDERSON - 408-306-3228
Source of Data: MLSLISTINGS