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.
For sale
Price cut: $150K (5/19)
$2,650,000
Marian Sanrafael, San Rafael, CA 94901
--beds
--baths
8,568sqft
Est.:
Five Or More Units,
Built in 1971
-- sqft lot
$2,589,100 Zestimate®
$309/sqft
$-- HOA
What's special
- 121 days
- on Zillow |
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