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1129 3rd St
Novato, CA 94945
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Exceedingly Rare Offering of a Downtown Novato Fourplex
- Located Just 1.5 Blocks from Grant Avenue Retail Corridor
- Potential 6.24% Cap Rate at Estimated Market Rents, Yielding Projected Net Annual Operating Income of $93,654
- High Demand Townhouse-Style, 2-Bedroom, 1.5 Bathroom Apartments
- Massive Rental Upside, Estimated at 94% Above Current Rents
- Property Benefits from Attractive, Low Maintenance Landscaping and Buildings that Appear to be in Good Overall Condition
Property Facts
| No. Units | 4 | Building Size | 6,968 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R10 - Medium Density Multiple Family Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,968 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R10 - Medium Density Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,391 | 930 |
Property Taxes
| Parcel Number | 141-241-22 | Improvements Assessment | $792,194 |
| Land Assessment | $640,328 | Total Assessment | $1,432,522 |
Property Taxes
Parcel Number
141-241-22
Land Assessment
$640,328
Improvements Assessment
$792,194
Total Assessment
$1,432,522
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