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$ 3,450,000
Est. payment | /mo
0.32 Acres Lot
$ 3,450,000
Est. payment | /mo
0.32 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82013904
HOA Y/N No
Year Built 1975
Annual Tax Amount $53,000
Lot Size 0.317 Acres
Property Description
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.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Cooling Gas
Fireplace No
Exterior
Carport Spaces 4
Roof Type Foam
Total Parking Spaces 10
Schools
School District Other
Others
Tax ID 01215723
Special Listing Condition Standard
Listed by Jefrey Henderson Jefrey Henderson, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "