Bought with Steven Level • Berkshire Hathaway
$5,350,000
$5,650,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
1704 Lincoln AVE San Rafael, CA 94901
10,708 SqFt
Key Details
Sold Price $5,350,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,708 sqft
Price per Sqft $499
MLS Listing ID 322087351
Sold Date 11/30/22
HOA Y/N No
Year Built 1964
Lot Size 0.440 Acres
Property Sub-Type 5 or More Units
Property Description
Located in coveted Marin County, this 12-Unit apartment complex presents a rare opportunity to acquire a turn-key investment property with strong in-place rents. Featuring an excellent unit mix of six (6) 2-bedroom, 1-bath units and six (6) 1-bedroom, 1-bath units, this property benefits from historically high occupancy and is located just minutes away from downtown San Rafael. All twelve units were fully remodeled in 2018. The kitchens feature granite countertops, all new cabinets, stainless-steel appliances and new flooring. The bathrooms have new vanities, fixtures, tile surrounds and flooring. The property has been consistently maintained under the current ownership, features numerous upgrades in recent years, and generates additional income through a convenient on-site laundry facility. Tenant amenities include a swimming pool, on-site covered parking and private fenced yards or decks. Great investment opportunity.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Wall Furnace
Cooling None
Exterior
Exterior Feature Fenced Yard, Swimming Pool
Parking Features Covered, Off Street
Garage Spaces 12.0
Roof Type Flat
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Others
Special Listing Condition Offer As Is
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