Description
3-buildings 24 or 48-units 15,148 square feet total first-time on the market in 50-years lots of potential uses investors ... good cash-flow and 5% cap-rates with the current tenants investors #2 ... 10% cap-rates by converting back to market-rate housing investors #3 ... convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential ymby (yes in my backyard) ... non-profit groups - convert to housing for disabled veterans, or other vital programs ymby #2 ... potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the matterport tour for a sample of an upstairs studio company headquarters ... high-visibility location, excellent parking, campus-like setting and immediate access to highway-101 make this an interesting option. a few numbers : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) possibly build more units 3 buildings - about 5,000 square feet per building the asking price is $318 per square foot, which is way below what it would cost to build in today's market ok to drive around the buildings - but, please do not enter buildings or disturb tenants
Property Type
Residential IncomeCounty
MarinStyle
Residential IncomeAD ID
45828995
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
Interior Features
- Roof : Shingle
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
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Exterior Features
Building Information
- Year Built: 1971
- Construction: Wood Siding
- Roof: Shingle
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.8609
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 37501
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Listing Information
Listing Price Information
- Original List Price: 4,800,000
- Listing Contract Date: 2023-10-24
Lease Information
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Taxes / Assessments
Tax Information
- Parcel Number: 05237104
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Gas
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood:
- Directions: Hwy-101 at Hwy-1, Mill Valley Cross Street: Hwy-101 & Hwy-1.
- Source Property Type: Residential Income
Building and Construction
- Property Age: 53
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 12/23/2024 @ 02:54
- MLS: 41042766
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 37,501 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Mill Valley , in zip code 94941, this Marin County Home are nearby neighborhoods.