Fourteen Unit Property For Sale
$6,000,000
255 Channing Way, San Rafael, CA 94903
For Sale
Multifamily
Active
Last Updated: 09/17/2024
5.4
Cap Rate
332,151
NOI
Details:
Cap Rate: 5.4%
NOI: $332,151
Building Size: 13,300 sqft
Lot Area: 30,550 sqft
Occupancy: 86%
Units: 14
GRM: 11.5
Year Built: 1965
Price Per Sqft: $440
Price Per Unit: $428,571
Zoning: RES
Floors: 3
Parking Spots: 20
Roof: Composition Shingle
Highlights:
- Rare fourteen unit property in San Rafael, CA
- Meticulously maintained with significant capital invested in recent years
- Remodeled units with new floors, updated kitchens, new appliances
- Spacious units with lots of sunlight
- Solid historic occupancy and high rent demand
- Low expense building, separately metered PG&E, Partial RUBs in place
- Ideal central location in highly desirable neighborhood
Documents:
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Offering Memorandum
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Location
Gallery
