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Listed by Jefrey Henderson • Jefrey Henderson, Broker
$3,450,000
Est. payment /mo
1 Bed
1 Bath
5,342 SqFt
New
517 B ST San Rafael, CA 94901
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,342 sqft
Price per Sqft $645
MLS Listing ID ML82013904
Bedrooms 1
Full Baths 1
Year Built 1975
Lot Size 0.317 Acres
Property Sub-Type Five or More Units
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 San Rafael
Interior
Heating Central Forced Air - Gas
Cooling Central Forced Air - Gas
Exterior
Parking Features Assigned Spaces
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Foam
Building
Foundation Concrete Slab
Sewer Unknown
Water Individual Water Meter
Others
Restrictions None
Tax ID 012-157-23
Security Features Other
Special Listing Condition Not Applicable
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