16 Marian CT Active Save Request In-Person Tour Request Virtual Tour
San Rafael,CA 94901
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82001888
Year Built 1971
Annual Tax Amount $40,000
Lot Size 0.456 Acres
Property Description
16 Marian Court Apartments (the Property) comprised of 11 market rate units in San Rafael, California. Comprised of (7) 1 Bedroom, 1 Bathroom floorplans, and (4) 2 Bedroom, 1 Bathroom floorplans. This property is the ideal location and mix for the target demographic. In-place rents are nearly $500 below market rents and an additional $250+ in renovation premiums allowing for a value-add investor to stabilize at a 6.18% cap rate.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Heating Central
Cooling None
Exterior
Roof Type Flat
Schools
School District Other
Others
Special Listing Condition Standard