MLS#ML82035108
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Jefrey Henderson, Broker
Agency Phone: (408) 453-7461
Associate Name: Jefrey Henderson
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Central
Lot Size: 0.46 Acres
Roof Type: Flat
Taxes: $40,000
Year Built: 1971
Feature Descriptions
Days on Site: 17
Parcel#: 01726211
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Jefrey Henderson, Broker
Agency Phone: (408) 453-7461
Agent Name: Jefrey Henderson
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
16 Marian Court | MLS# ML82035108
This commercial property located at 16 Marian Court , San Rafael, CA 94901 is currently listed for sale with an asking price of $2,650,000. Marian Court is located within the Other school district. Search San Rafael real estate on www.farrellsmyth.com today.