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1048 2nd St

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Address: 1048 2nd St, Novato, CA 94945, USA

California & West + Apartment Buildings

Created date: April 30, 2024

Date last updated: October 10, 2024

- 10,617 SF building with 9 townhome-style units
- Built in 1985, renovated in 2010
- Zoned MU:D for versatile usage
- 100% occupancy with potential upside
- Spacious 2-story, 2-bedroom units
- Private backyards for each unit
- In-unit washer/dryer for convenience
- Carport parking available
- Additional rentable garages included

Property Description

Presenting a rare investment opportunity in the heart of Novato, CA. This impressive multifamily property boasts a 10,617 SF building with 8 spacious 2-story, 2-bedroom units, each featuring private backyards, in-unit washer/dryer, and forced air heating. 1 second floor 2 bdrm 1 bath unit with spacious deck. With 100% occupancy and potential rental upside, this well-maintained property offers carport parking, rentable garages, and versatile MU:D zoning. Built in 1985 and renovated in 2010, this prime downtown location provides easy access to public transportation and nearby amenities. Don't miss the chance to capitalize on this fully occupied, income-generating asset.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$4,200,000
No. of Units:	9
Average Occupancy:	4
Year Built:	1985
Lot Size:	0.34 Sq ft
Opportunity Zone:	No
Price per unit:	$466,667
Property Website	Click Here