About 515 B St
515 B Street is a premier investment opportunity for local ownership groups to own the Brookside Apartments, a boutique multifamily property located in the Gerstle Park market of San Rafael. The property was built in 1975 and boats 10 one-bedroom, one-bathroom units on a quiet street near downtown San Rafael. The location attracts high-quality tenants with substantial rental upside through programmatic A+ finishes. This opportunity boasts high in-place rents and ownership has done significant capital improvements including, but not limited to, seismic retrofit completed, roof replaced with 60mil TPO, SB 721 Balcony Inspection & repairs completed. The Brookside Apartments is a nearly turnkey investment with rental upside.
Features of 515 B St
| MLS® # | ML82013904 |
|---|---|
| Price | $3,450,000 |
| Square Footage | 5,342 |
| Acres | 0.32 |
| Year Built | 1975 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 515 B St |
|---|---|
| Area | San Rafael |
| City | SAN RAFAEL |
| County | Marin |
| State | CA |
| Zip Code | 94901 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Parking Spaces | 10 |
| Is Waterfront | No |
Interior
| Heating | Central Forced Air - Gas |
|---|---|
| Cooling | Central Forced Air - Gas |
| Fireplace | No |
Exterior
| Roof | Foam Roof |
|---|---|
| Foundation | Concrete Slab |
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 | 408-306-3228 |