7 Merrydale Rd - Apartments FOR SALE


San Rafael, CA 94903- Civic Center
$2,725,000 USD
415-535-7414
7 Merrydale Rd, San Rafael, CA for Sale
$2,725,000 USD
Apartments - FOR SALE
1/17
null | 5.53% Cap Rate

7 Merrydale Rd
San Rafael, CA 94903
Civic Center


OVERVIEW

CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 7 Merrydale Road, Merrydale View, 8 units in San Rafael made up of five (5) 1 bed 1 bath units, and three (3) 2 bed 1 bath units. Marin is beginning to emerge as a secondary hub for startups and the AI boom of San Francisco, offering investors the opportunity to take advantage of Marin County’s growing workforce. NDA required to be signed by all interested purchasers before marketing materials can be made available. Merrydale View is Property 9 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

$2,725,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

8

PRICE/UNIT

$340,625

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merrydale View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

179-222-15

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.