9 Completely Rebuilt Units - Excellent San Rafael Location
US $3,875,000
Thiercof and Sasan Team
Property features
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- 11 bedrooms
- 9 bathrooms
- Scenic
- Walk-in Closet
- Porch
- Cul-de-sac
- Privacy
- Patio
- QC Approved Listing
500 Drakes Landing Road , California , Greenbrae , 94904
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Property description
Discover 1380 Lincoln Avenue, newly converted to residential apartment complex, located in the beautiful county of Marin, right in the heart of San Rafael. With 9 turnkey units boasting strong rents, this property presents an exceptional opportunity. Offering a diverse selection of units, including 3 studios, 4 one-bedrooms, and 2 two-bedrooms. Originally an office building, this property underwent a complete transformation in 2023, resulting in fully remodeled units featuring brand new cabinets, flooring, kitchens, bathrooms, and operating systems. Ample on-site parking, with 12 dedicated spaces available. Strong in-place rents, with built-in 3% annual increases stipulated in the leases. It's worth noting that Marin County is known for stringent regulations on multi-family construction, making opportunities like this particularly rare.https://www.sothebysrealty.com/id/szt3lv
1380 Lincoln Avenue , San Rafael, California, United States
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