CA > San Rafael
San Rafael, CA 94901,16 Marian CT
San Rafael, CA 94901,16 Marian CT
San Rafael, CA 94901,16 Marian CT
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Listed by Jefrey Henderson • Jefrey Henderson, Broker
$2,650,000
Est. payment /mo
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3 Beds
2 Baths
8,568 SqFt
Active

16 Marian CT San Rafael, CA 94901

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Brielle Bariteau

Brielle Bariteau

+1(831) 643-5965

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,568 sqft

Price per Sqft $309

MLS Listing ID ML82001888

Bedrooms 3

Full Baths 2

Year Built 1971

Lot Size 0.456 Acres

Property Sub-Type Five or More Units

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 San Rafael

Interior

Heating Central Forced Air

Cooling None

Exterior

Parking Features Assigned Spaces

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch

Building

Foundation Crawl Space

Sewer Sewer - Private

Water Individual Water Meter

Others

Restrictions None

Tax ID 017-262-11

Security Features None

Special Listing Condition Not Applicable

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agent

Brielle Bariteau

Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02049882

+1(831) 643-5965

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