1048 2nd St

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Address: 1048 2nd St, Novato, California, US
Created date: April 30, 2024
Date last updated: May 17, 2024
  • - All Units are on Month to Month Agreement
  • - Rents are well below market
  • - Possible owner financing with minium of 30% down payment.
  • - 10,617 SF building with 9 townhome style units
  • - Condo Conversion Possiblities
  • - Built in 1996, renovated in 2010
  • - Zoned MU:D for versatile usage
  • - 100% occupancy with low rents and potential upside
  • - Spacious 2-story, 2-bedroom units
  • - Private backyards for each unit
  • - Forced air heating for comfort
  • - In-unit washer/dryer for convenience
  • - Carport parking available
  • - Additional rentable garages included
  • - Prime downtown location with easy access to public transportation
  • - Proximity to a variety of goods and services

Property Description

Presenting a rare investment opportunity in the heart of Novato, CA. This impressive multifamily property boasts a 10,617 SF building with 9 spacious 2-story, 2-bedroom units, each featuring private backyards, in-unit washer/dryer, and forced air heating. With 100% occupancy and potential rental upside, this well-maintained property offers carport parking, rentable garages, and versatile MU:D zoning. Built in 1996 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,500,000
No. of Units: 9
Average Occupancy: 5.29
Year Built: 1976
Lot Size: 0.34 Sq ft
Opportunity Zone: No
Price per unit: $500,000
Property Website Click Here
Address: 1048 2nd St, Novato, CA 94945, USA
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