19 Merrydale Rd - Apartments FOR SALE


San Rafael, CA 94903- Civic Center
$5,750,000 USD
415-535-7414
19 Merrydale Rd, San Rafael, CA for Sale
$5,750,000 USD
Apartments - FOR SALE
1/12
null | 5.08% Cap Rate

19 Merrydale Rd
San Rafael, CA 94903
Civic Center


OVERVIEW

CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 19 Merrydale Road, Marin Heights, 18 units in San Rafael made up of five (5) 1 bed 1 bath units, and six (6) 2 bed 1 bath units. Marin County’s strong rental market gives investors the chance to invest in an emerging hub for workforce spillover from San Francisco. NDA required to be signed by all interested purchasers before marketing materials can be made available. Marin Heights is Property 8 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio). The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

18

PRICE/UNIT

$319,444

CAP RATE

5.08%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marin Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,851 SF

ZONING

PCNG, San Rafael

APN/PARCEL ID

179-222-17

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
415-535-7414

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Ben MollahanCBREMore Info
415-535-7414

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