545 Bridgeway 545 Bridgeway 4 Unit Apartment Building $3,900,000 ($975,000/Unit) 2.80% Cap Rate Sausalito, CA 94965

Overlooking Bridgeway, each unit in this fourplex has sweeping views across the Bay from San Francisco to Angel Island and Belvedere Island. Each provides a box seat for watching the activity on the Bay, which will include the 2013 America’s Cup races. This is an ideal location for enjoying the weather and ambiance of Marin while at the same time having quick access to San Francisco.
The units are approximately 1,042 square feet each, with two bed¬rooms, two baths, kitchen and living room overlooking the Bay. Built in 1962, the units were up-dated between 2008 and 2010 with granite or quartz countertops in the kitchens and baths and laminate flooring throughout and new appliances. Three of the four master bathrooms have double sink vanities. Each unit has a fireplace and a front deck. One has a large back deck.
Tuck-under parking provides space for 6 cars. There are three storage closets in the parking area, which are rented separately from the units and a laundry room with two sets of coin-operated washers and dryers. The property was re-roofed in 2001. A drip system keeps the landscaping watered.
The units are separately metered for gas and electricity. Each has its own gas water heater and forced air gas furnace.
For those who work at home, this is better than a corner office in the major downtown buildings (unobstructed view, no commute or parking costs), For those who commute, a relaxing ferry trip gets you to the financial district in about 20 minutes.