- Property Type: Multifamily Residential 2-4 Units
- Offer Status: Sold!
- City: San Anselmo
- Units: 4
- Cap Rate: 5.00
- GRM: 15.41
- Lot Size: 6000 ft²
- Year Built: 1948
Investment Overview
Downtown San Anselmo 4-Plex
Location: This two story stucco four unit building is located in downtown San Anselmo just a few blocks from shopping, restaurants and entertainment. The convenient location is near hiking and biking trails on nearby Mt. Tamalpais and minutes to Highway 101 freeway access.
Description: The two story stucco building consists of four identical one bedroom units with large living rooms and bedrooms, remodeled kitchens and bathrooms and covered carport parking for four cars. The building sits on a 6,000 square foot lot and was built in 1948.
The newly remodeled kitchens are Euro style with sleek contemporary cabinets and stainless steel built in appliances. The handsome oak look floors complete the modern kitchen update. Some units have hardwood floors in living rooms.
Adjacent is the spacious living room with lots of windows and excellent natural light. The redone bathroom includes tile floors and shower surround. The large carpeted one bedroom has an abundance of natural light and a walk in closet.
Residents have the use of an onsite laundry and one covered parking space per unit. The wonderful convenience of this property and Its many upgrades attract qualified tenants upon turnover.
Rents at the property are below the current market rents of $1675—$1800 for this size of unit. A new owner will have an opportunity to increase cash flow by simply raising rents. There is no rent control in Marin County.
Financing: Available fourplex financing can be obtained from Union Bank, Wells Fargo or contact your mortgage professional for a rate quote.
Features:
- Remodeled Euro Style Kitchens
- Remodeled Tile Baths
- Onsite Laundry
- Four 1 Bedroom Units
- Blocks to Downtown San Anselmo
- Covered Carport Parking
- Rear Patio with Trees
- Rental Upside, No Rent Control
Property Photos
