37 Reed Blvd - Apartments FOR SALE


Mill Valley, CA 94941- Strawberry
$4,295,000 USD
415-516-9843
37 Reed Blvd, Mill Valley, CA for Sale
$4,295,000 USD
Apartments - FOR SALE
1/10
null | 4.2% Cap Rate

37 Reed Blvd
Mill Valley, CA 94941
Strawberry


OVERVIEW

True pride-of-ownership eight-unit apartment building available for purchase in the heart of Strawberry. Seven of the eight one-bedroom apartments are fully remodeled, with permits. These high-end remodels include in-unit laundry, modern kitchens with stainless steel appliances, central air, recessed lighting, vinyl plank floors, and individual storage closets in the parking area. Other significant improvements include new dual-pane windows, new paint, new tile hallways, and landscaping. There are twelve off-street parking spaces. The units are separately metered for gas and electricity. Each unit has a separate water heater, keeping operating expenses low. This is a rare opportunity to purchase an turn-key asset in one of Marin's most desirable rental locations.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$427 USD /SF

# OF UNITS

8

PRICE/UNIT

$536,875

CAP RATE

4.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,400 SF

ZONING

-

APN/PARCEL ID

043-033-03

ASK ABOUT THIS PROPERTY

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415-516-9843

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415-516-9843

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