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Listing 5 out of 67
Sold for $1,925,000 Sold

106 Union Street
San Rafael, CA 94901

5 units | Multi Family 5+
5227 sq ft lot - MLS# 21900598
Property Photo

Sold

Sold for $1,925,000 on Mar 22, 2019

Description

Massive Price Reduction! 4.5% CAP on current income! Come see this turn key gem with a great return in one of the most desirable areas of San Rafael. With a laundry list of improvements completed over the last three years, this property stands out as a true pride of ownership investment in an area that commands high rents and attracts great tenants.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Unit 5+
  • Listing Status: Sold
  • Listing Price: $1,975,000
  • County/Area: Marin County
  • Zip Code: 94901
  • Year Built: 1927
  • Sq.Ft.: 3,516 sq ft
  • Units: 5 units
  • Lot Size: 5227 sq ft lot
  • Area: San Rafael
  • # of 1 Bedrooms: 2
  • # of 2 Bedrooms: 3
  • # of Buildings: 1
  • # of Garage(s): 2
  • # of Open/Uncovered: 1
  • #of 1 Bdrms Occupied: 1
  • #of 2 Bdrms Occupied: 3
  • 1 Bdrm Ann Occupancy: 100.00
  • 1 Bedroom Rent Range: 1320-2500
  • 2 Bdrm Ann Occupancy: 100.00
  • 2 Bedroom Rent Range: 2200-2500
  • Actual/Projected: Actual
  • Cap Rate: 4.50
  • Est Net Income: 92066.00
  • Est Total Annual Exp: 36454.00
  • Est. Maintenance Exp: 4000.00
  • Est. Utilities Exp.: 5554.00
  • Expense Source: Owner
  • Exterior: Stucco
  • Floors: Simulated Wood, Other
  • Foundation/Construct: CC Perimeter
  • Gross Scheduled Inc: 128520.00
  • Heat/Cool: W/Heat-Gas
  • Laundry Appliance: Coin Operated, Common Room, Owned
  • Lot Description: Level
  • Lot Measurement: Acres
  • Lot Size Source: (Realist Public Rec)
  • Lot Size [SqFt]: 5349.00
  • Monthly Expenses: 3037.83
  • Monthly Income: 10710.00
  • On Site Parking: Garage, Uncovered
  • Roof: Bituthene
  • Sale/Lease-Rent: Sale
  • Sewer/Septic: Sewer Public
  • Square Footage Source: Appraiser
  • Status Date: 2019-03-22
  • Water Source: Water-Public
  • Yard/Grnd: Enclosed Patio(s)
  • Year Built Source: Realist Public Rec
  • Sold Date: 2019-03-22
  • Sold Price: 1925000.00
Listing Courtesy Of Compass, Michael Johnston

Marin High End Homes


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