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$ 3,450,000
Est. payment /mo
New
517 B ST San Rafael, CA 94901
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82013904
HOA Y/N No
Year Built 1975
Annual Tax Amount $53,000
Lot Size 0.317 Acres
Property Description
515 B Street is a premier investment opportunity for local ownership groups to own the Brookside Apartments, a boutique multifamily property located in the Gerstle Park market of San Rafael. The property was built in 1975 and boats 10 one-bedroom, one-bathroom units on a quiet street near downtown San Rafael. The location attracts high-quality tenants with substantial rental upside through programmatic A+ finishes. This opportunity boasts high in-place rents and ownership has done significant capital improvements including, but not limited to, seismic retrofit completed, roof replaced with 60mil TPO, SB 721 Balcony Inspection & repairs completed. The Brookside Apartments is a nearly turnkey investment with rental upside.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Cooling Gas
Fireplace No
Exterior
Carport Spaces 4
Roof Type Foam
Total Parking Spaces 10
Schools
School District Other
Others
Tax ID 01215723
Special Listing Condition Standard
Listed by Jefrey Henderson Jefrey Henderson, Broker