- Property Type: Multifamily Residential 2-4 Units
- Offer Status: Sold!
- City: San Rafael
- Units: 4
- Cap Rate: 4.00
- GRM: 16.4
- Lot Size: 4800 ft²
- Year Built: 1963
Investment Overview
Downtown San Anselmo 4-Plex
Location: The fourplex offering is located in the historic neighborhood of Gerstle Park just three blocks to downtown San Rafael shops and restaurants. It is only One mile from Highway 101 freeway access. This quiet neighborhood is home to Classically restored Victorians, tree lined streets and hiking trails. This is one of the Best neighborhoods in San Rafael for rentals and units are easily rented at this prime location.
Description: This two-story stucco fourplex property sits on a 4,800-square-foot lot and was built in 1963. Surrounded by leafy green trees, the building includes two one-bedroom units with eat-in kitchens, large living rooms, and good natural light. In addition, there are two 2 bedroom apartments located at the property with the identical floor plans plus an additional bedroom. All unit sizes have one bathroom. Amenities include an onsite laundry for the use of tenants and excellent off street uncovered parking at the rear of the property. The property is well maintained by the current owner and runs full. Rents at the property are significantly below current market rents (see market and proforma Rents on page 3). Gerstle Park is a highly desired neighborhood for rentals in San Rafael and is considered a prime location for potential residents.
Financing: Financing on fourplex purchases can be obtained from Union Bank, Wells Fargo and many local and regional banks in Marin County. Contact your mortgage advisor for best rates and terms.
Features:
- Four Spacious Units
- Two 1 Bedrooms
- Two 2 Bedrooms
- Offstreet Parking
- Near Hiking & Biking Trails
- Easy Highway 101 Freeway Access
- 3 Blocks to Downtown San Rafael
- Shops & Restaurants
Property Photos
