517 B ST new

San Rafael,CA 94901

$ 3450000

- Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82013904

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

Exterior

Roof Type Foam

Schools

School District Other

Others

Special Listing Condition Standard

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