20 Marian Ct - Apartments FOR SALE


San Rafael, CA 94901- Canal
$2,850,000 USD
925-330-3642
20 Marian Ct, San Rafael, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/16
null | 4.89% Cap Rate

20 Marian Ct
San Rafael, CA 94901
Canal


HIGHLIGHTS

  • VALUE-ADD INVESTMENT
  • IDEAL UNIT MIX FOR CANAL
  • FAVORABLE ASSUMABLE FINANCING

OVERVIEW

16 & 20 Marian Court can be purchase together or separately. CBRE, Inc., as the exclusive listing agents, is pleased to offer for sale 20 Marian Court Apartments (the “Property”) comprised of 10 market rate units in San Rafael, California. Comprised of all 2 Bedroom, 1 Bathroom floorplans, this property is the ideal location and mix for the target demographic. In-place rents are nearly $600 below market rents and an additional $250+ in renovation premiums allowing for a value add investor to stabilize at a 7.23% cap rate.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$346 USD /SF

# OF UNITS

10

PRICE/UNIT

$285,000

CAP RATE

4.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Rafael Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,533 SF

ZONING

HR1.5, San Rafael

APN/PARCEL ID

017-262-22

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

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