Homes for sale - 16 Marian CT, San Rafael, CA 94901

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$2,650,000

Est. payment - /mo

0.46 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82001888

HOA Y/N No

Year Built 1971

Annual Tax Amount $40,000

Lot Size 0.456 Acres

Property Description

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.

Location

State CA

County Marin

Area 699 - Not Defined

Interior

Heating Central

Cooling None

Fireplace No

Exterior

Roof Type Flat

Total Parking Spaces 14

Schools

School District Other

Others

Tax ID 01726211

Special Listing Condition Standard

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Listed by Jefrey Henderson Jefrey Henderson, Broker

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

16 Marian CT San Rafael, CA 94901