$2,850,000
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 6.57% cap rate.
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Listed by Jefrey Henderson with Jefrey Henderson, Broker (408) 453-7461
Property Type
Commercial Sale
Status
Active
MLS Number
ML82001890
Year Built
1963
Lot Size
0.36 acres