8 UNITS      $1,995,000    SOLD

5 F Street, San Rafael, CA

Located just blocks west of downtown San Rafael, this property is ideally situated for tenants to enjoy all of the benefits of San Rafael while being in a residential neighborhood.

This is a very low maintenance, low management design with minimal landscaping, no decks and no covered parking.  Apartments are a mix of four large 1BR floor plans and 4 large Junior 1BR floor plans.  All apartments are individually metered for gas and electricity.  There is a common coin operated laundry room for the tenants use.

The property was originally built in 1961 as a commercial building.  In 1972 it was rebuilt and configured as eight apartments.  Construction is two story concrete block on a concrete slab. The property appears to be in very good condition, lovingly maintained by a long-term owner. The windows have been replaced with dual pane. The Sewer lateral was just replaced this year.

Rents are below market due to the long-term occupancy of some tenants. There is significant upside in the rental income.  Units are easily upgraded for top rents.

Property sits along a creek and is therefore in a flood zone.  They Seller has no knowledge of the property ever flooding.


Michael Burke

MarinApartments.com | My Bio

    500 Drakes Landing Road
    Greenbrae, CA 94904

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    DISCLAIMER: The information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us) , we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Decker Bullock Sotheby's International Realty. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby's International Realty ® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Sotheby’s International Realty office is independently owned and operated.
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