Charming multifamily with a 4 plex and duplex on a single lot near both downtown San Anselmo and nearby Fairfax in Marin County. Located on a flat lot with 7 off street parking spaces the property includes brand new mini split HVAC units with heat and air conditioning in each one-bedroom apartment. Units include hardwood floors, lots of closet space, in unit water heaters, excellent natural light and hill views from some units. Kitchens and baths could use updating to maximize current rents, but building runs full throughout the year. The property operating costs are low as each tenant has a water, gas and electric meter and owner pays only taxes, garbage, insurance and maintenance.
With renovation of kitchens and bathrooms scheduled income could increase cap rate to over 7%. Don't miss this exciting value add opportunity in one of Marin County's most coveted communities!