1041 3rd St - Apartments FOR SALE


Novato, CA 94945
$1,500,000 USD
415-259-9891
1041 3rd St, Novato, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/22
null | 5.39% Cap Rate

1041 3rd St
Novato, CA 94945


HIGHLIGHTS

  • Great Downtown Location
  • In-Unit Laundry
  • Spacious 2-Bedroom Units
  • Updated Electrical
  • New Water Supply Line
  • Covered Parking

OVERVIEW

Centrally located in the heart of Downtown Novato, Third Street Apartments is a well-maintained 4-unit property featuring spacious 2-bedroom units setback on a level parcel in coveted Marin County. This midcentury gem includes exposed beam ceilings, in-unit laundry, dishwashers, covered parking, tenant storage, several fenced patios or decks, and updated electrical. Third Street Apartments offers a rare investment opportunity with strong fundamentals and substantial upside potential in a highly desirable location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

5.39%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R-3/G-1, Novato

APN/PARCEL ID

141-261-34

ASK ABOUT THIS PROPERTY

Kate Raphael SmithNorCal Commercial, Inc.More Info
415-259-9891

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Kate Raphael SmithNorCal Commercial, Inc.More Info
415-259-9891

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.