1040 2nd ST Novato, CA 94945

Five 2BR/1BA townhouse units built in 1965 on a level lot close to downtown Novato. The property is in very good condition but needing some modernization. A few long-term tenants have very low rents creating an incredible upside in rental income and building value for someone patient enough to see the rents come up to market. On-site laundry, separately metered for PG&E, fenced in private patios, and off-street parking. First time on the market for sale - same family ownership since built. Two story wood frame construction with a perimeter concrete foundation. Each apartment features a private fence-in patio area off the dining area. Heating is gas-fired wall units. Apartments are separately metered for and tenants pay their own PG&E. Owner provides water and refuse service. Common leased coin operated laundry room and one water heater for the building. Separate individual storage closets for the tenant's use. Parking is open, off-street; each apartment having a two-car tandem space.