About 16 Marian Ct
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.
Features of 16 Marian Ct
| MLS® # | ML82001888 |
|---|---|
| Price | $2,650,000 |
| Square Footage | 8,568 |
| Acres | 0.46 |
| Year Built | 1971 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 16 Marian Ct |
|---|---|
| Area | San Rafael |
| City | SAN RAFAEL |
| County | Marin |
| State | CA |
| Zip Code | 94901 |
Amenities
| Utilities | Individual Electric Meters |
|---|---|
| Parking Spaces | 14 |
| Is Waterfront | No |
Interior
| Heating | Central Forced Air Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Flat/Low Pitch |
|---|---|
| Foundation | Crawl Space |
Additional Information
| Zoning | N/A |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jefrey Henderson |
|---|---|
| Office | Jefrey Henderson, Broker |
| Contact Info | 415-535-7414 |