29 1st St - Apartments FOR SALE


Corte Madera, CA 94925- Outer Mill Vly/Corte Madera/Sausalito
$5,100,000 USD
415-535-7414
29 1st St, Corte Madera, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/6
null | 5.67% Cap Rate


HIGHLIGHTS

  • Core Marin Location
  • High Cap Rate Opportunity
  • Fully Renovated & Turnkey Investment

OVERVIEW

*High Yield Downtown Corte Madera Opportunity 29 1st St (The Property) is a truly one-of-a-kind mixed use investment opportunity in Corte Madera. Featuring two expansive first floor retail spaces, five fully renovated residential units comprising three (3) large studios, one (1) one bedroom, one bathroom unit, and one (1) penthouse taking up the entire top floor with two bedrooms and one bathroom. The Property also features an additional standalone single-story retail property with large storefront windows. The Property offers investors the chance to acquire a diverse income producing asset near downtown Corte Madera’s extensive shops, restaurants and amenities, as well as close proximity to Highway 101. Please reach out to the CBRE Listing Team for additional information.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$729 USD /SF

# OF UNITS

9

PRICE/UNIT

$566,667

CAP RATE

5.67%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,127 SF

ZONING

C-1, Corte Madera

APN/PARCEL ID

025-036-04,025-036-18

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.