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Bought with Pamela Burke • Golden Gate Sotheby's International Realty
Golden Gate Sotheby's International Realty
$1,780,000
$1,900,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
2,222 Beds
4 Baths
4,332 SqFt
SOLD DATE : 07/31/2023
Key Details
Sold Price $1,780,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,332 sqft
Price per Sqft $410
MLS Listing ID 322068360
Sold Date 07/31/23
Bedrooms 2222
HOA Y/N No
Year Built 1976
Lot Size 9,051 Sqft
Property Sub-Type 5 or More Units
Property Description
6-2BR/1BA apartments with great floorplans. Compact, yet offering enough room for a separate dining area. Kitchens feature an all-electric design with dishwashers. All apartments have a private balcony. Built in 1976, the property appears to be in good overall condition. The building is all electric, except for a gas meter for the house water heater. Heating is radiant electric in the ceilings with separate area thermostats. Units are separately metered for electricity and the tenants pay their own. There is an on-site laundry room with brand new owned equipment. Each apartment has an extra storage room in the carport area. Huge upside in rental income from long-term tenants. Now priced to sell at 14.0 times current low income or 11.2 times conservative market income
Location
State CA
County Marin
Area Novato
Interior
Heating Electric, Radiant
Cooling None
Flooring Carpet, Simulated Wood, Varies by Unit
Exterior
Parking Features Carport, Off Street, Uncovered
Garage Spaces 18.0
Roof Type Shingle,Tar/Gravel
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Others
Special Listing Condition None
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