401 Norman DR Novato, CA 94949

Located in a high demand rental area in coveted Marin County, this apartment complex provides a great value-add opportunity for a new or experienced investor. Built in 1954, this unique complex is comprised of eight efficient studio units in a single-level building situated on a level lot of just under 7,000 square feet. With under market rents and the potential to implement RUBS utility billing to recapture utility expenses, this property has significant upside potential. The property sits adjacent to the Ignacio Center and Pacheco Plaza Shopping Malls in southern Novato and is located just 20 miles north of San Francisco. The building is also just south of Vintage Oaks Shopping Center, which features retail stores and restaurants including Target, Costco, Starbucks, In-N-Out Burger and HopMonk Tavern.