199 Posada Del Sol | Novato, CA 94949
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- LoopNet Team
199 Posada Del Sol
Novato, CA 94949
Hillcrest Townhomes Apartment Complex · Multifamily Property For Sale
·
65 Units
INVESTMENT HIGHLIGHTS
- ignificant capital improvements: The property boasts recent plumbing, landscaping, parking area, and deck upgrades, minimizing future maintenance cost
- Extensive upgrades: Both common areas and individual units have been thoughtfully upgraded, ensuring modern comfort and appeal
- Strong financials: A 5.92% cap rate and exceptional value at $282 per foot present a compelling investment opportunity
PROPERTY FACTS
| No. Units | 65 | Building Size | 74,750 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.59/1,000 SF |
| Lot Size | 5.74 AC | ||
| Zoning | PD | ||
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.74 AC |
| Building Size | 74,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.59/1,000 SF |
| Zoning | PD |
AMENITIES
UNIT AMENITIES
- Balcony
- Microwave
- Heating
- Granite Countertops
- Refrigerator
- Range
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Pool
- Smoke Free
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 600 |
| 2+1.5 | 64 | - | 1,100 - 1,200 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,387,704 | |
| Land Assessment | $1,379,828 | Total Assessment | $5,767,532 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,379,828
Improvements Assessment
$4,387,704
Total Assessment
$5,767,532
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