Listed by Rick Trono • Compass • Glenn Realty Co.
Bought with Steven Level • Berkshire Hathaway
Glenn Realty Co.
Bought with Steven Level • Berkshire Hathaway
Glenn Realty Co.
$1,832,500
$2,195,000 16.5%
Est. payment /mo
4,000 Beds
2 Baths
7,700 SqFt
UPDATED:
Key Details
Sold Price $1,832,500
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,700 sqft
Price per Sqft $237
MLS Listing ID 324092309
Sold Date 04/03/25
Bedrooms 4000
Construction Status Original
HOA Y/N No
Lot Size 7,849 Sqft
Property Sub-Type 5 or More Units
Property Description
Discover an exceptional investment opportunity in Marin County with this 12-unit multifamily apartment complex located in central Novato, CA this property is comprised of 2 two-story buildings. Property Highlights: Unit Mix - 8 spacious 2-bedroom, 1-bath units - 4 comfortable 1-bedroom, 1-bath units. Amenities & Features: On-site laundry room for tenant convenience. Covered carport parking. Individually metered utilities for gas and electric. Prime Location: Located just minutes from Vintage Oaks Shopping Center, tenants enjoy access to popular retailers like Costco, Target, and Starbucks, along with dining favorites such as In-N-Out Burger, Panera Bread and Hopmonk Tavern. The property is ideally positioned 20 miles north of San Francisco and under 25 miles from Sonoma, offering convenience for commuters and weekend adventurers alike. Steady Income & Upside Potential: This apartment complex has a history of high occupancy with minimal tenant turnover, reflecting strong demand in the area. The property offers peace of mind to investors. Chase Bank assumable loan and seller will carry a second.
Location
State CA
County Marin
Area Novato
Interior
Heating Wall Furnace
Cooling Window Unit(s)
Flooring Laminate, Simulated Wood, Tile, Vinyl
Exterior
Parking Features Off Street, Street
Garage Spaces 8.0
Utilities Available Cable Available, Natural Gas Connected
Roof Type Bitumen
Building
Foundation Slab
Sewer Public Sewer
Water Public, Water District
Architectural Style Mid-Century, Other
Construction Status Original
Others
Special Listing Condition Offer As Is
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