1052 7th St - Apartments FOR SALE


Novato, CA 94945
$1,600,000 USD
415-877-1077
1052 7th St, Novato, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/11
null | 6.79% Cap Rate

1052 7th St
Novato, CA 94945


HIGHLIGHTS

  • Four townhouse-style apartments, each featuring two bedrooms, 1.5 baths, and private backyards.
  • Individual laundry rooms in every unit for added tenant convenience.
  • Dedicated off-street parking for eight vehicles, including carport and open spaces.
  • Well-maintained structure built in 1979 on a level 6,803 SF lot with a concrete perimeter foundation.
  • Strong in-place income with approximately $144,000 in annual scheduled rents and a 6.8% cap rate.
  • Prime Novato location near downtown conveniences, US 101 access, and nearby retail and dining options.

OVERVIEW

Four 2BR/1.5 BA Townhouse apartments on a level lot near downtown Novato, but just far enough away. Located in the desirable far west side of the downtown area. All apartments feature individual laundry rooms and a private fenced in back yard area. Ample off-street parking with each apartment having two spaces – one carport and one open. The property was built in 1979 and has been well cared for since. Wood frame two-story construction on a concrete perimeter foundation with a composition roof. There is a shared easement driveway with the building next door, which is also available for sale.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

6.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1052 7th

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,727 SF

ZONING

-

APN/PARCEL ID

141-251-30

ASK ABOUT THIS PROPERTY

Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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