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1704 Lincoln Avenue

San Rafael, CA 94901
  • $5,650,000
  • STATUS: Pending
  • ON SITE: 9 Days
  • ID#: 322087351
Pending
$5,650,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,708
    SQFT
  • $528
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

Located in coveted Marin County, this 12-Unit apartment complex presents a rare opportunity to acquire a turn-key investment property with strong in-place rents. Featuring an excellent unit mix of six (6) 2-bedroom, 1-bath units and six (6) 1-bedroom, 1-bath units, this property benefits from historically high occupancy and is located just minutes away from downtown San Rafael. All twelve units were fully remodeled in 2018. The kitchens feature granite countertops, all new cabinets, stainless-steel appliances and new flooring. The bathrooms have new vanities, fixtures, tile surrounds and flooring. The property has been consistently maintained under the current ownership, features numerous upgrades in recent years, and generates additional income through a convenient on-site laundry facility. Tenant amenities include a swimming pool, on-site covered parking and private fenced yards or decks. Great investment opportunity.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2022-10-01T23:57:33.197.
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1704 Lincoln Avenue San Rafael, CA 94901

  • Price: $5,650,000
  • Status: Pending
  • On Site: 9 Days
  • ID#: 322087351
0
Beds
0
Baths
0
½ Baths
0.44
Acres
10,708
SQFT
$528
$/SQFT
1964
Built
Neighborhood:
San Rafael
County:
Marin
Area:
San Rafael
Property Description
Located in coveted Marin County, this 12-Unit apartment complex presents a rare opportunity to acquire a turn-key investment property with strong in-place rents. Featuring an excellent unit mix of six (6) 2-bedroom, 1-bath units and six (6) 1-bedroom, 1-bath units, this property benefits from historically high occupancy and is located just minutes away from downtown San Rafael. All twelve units were fully remodeled in 2018. The kitchens feature granite countertops, all new cabinets, stainless-steel appliances and new flooring. The bathrooms have new vanities, fixtures, tile surrounds and flooring. The property has been consistently maintained under the current ownership, features numerous upgrades in recent years, and generates additional income through a convenient on-site laundry facility. Tenant amenities include a swimming pool, on-site covered parking and private fenced yards or decks. Great investment opportunity.
Exterior Features

Carport Spaces 10 Covered Spaces 0 Exterior Features Fenced YardSwimming Pool Foundation Details Concreteperimeter Independent Parking Spaces 0 Lot Features Landscape FrontPrivateSidewalk Open Parking Spaces 2 Parking Features CoveredOff Street Parking Total 12 Roof Flat Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 6 2 Bedroom Units Total 6 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling None Heating Wall Furnace Laundry Features Coin OperatedIn Common AreaWasher/Dryer Leased Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 391740 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Steven Level of [OFFICENAME: ..


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Marketplace. Data last updated: 2022-10-01T23:57:33.197.
 
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