Fully managed 4-plex in the Strawberry area of Mill Valley. 14 similar buildings share a common swimming pool, laundry and grounds with full on and off site management for a monthly association fee. As close to worry free hands off ownership as it gets. 1-3BR, 2-2BR & 1-1BR. Upside potential in rents. 12.3 GRM on existing low rents, 11.3 at market. Seller in process of remodeling all units with new kitchens, etc.
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| Interior Features |
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Fireplace: No
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Floors: Vinyl/Linoleum, W/W Carpet
Laundry Appliance: Common Room
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Unit 1 Bedrooms: 1
Unit 1 Baths Full: 1
Unit 1 Half Baths: 1
Unit 1 Approx SqFt: 0
Unit 1 Total Rooms: 3
Unit 1 Includes: Oven/Range, Refrigerator, Wall Furnace
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Unit 2 Bedrooms: 3
Unit 2 Baths Full: 1
Unit 2 Half Baths: 1
Unit 2 Approx SqFt: 0
Unit 2 Total Rooms: 5
Unit 2 Includes: Oven/Range, Refrigerator, Wall Furnace
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Unit 3 Bedrooms: 2
Unit 3 Baths Full: 1
Unit 3 Half Baths: 1
Unit 3 Approx SqFt: 0
Unit 3 Total Rooms: 4
Unit 3 Includes: Oven/Range, Refrigerator, Wall Furnace
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Unit 4 Bedrooms: 2
Unit 4 Baths Full: 1
Unit 4 Half Baths: 1
Unit 4 Approx SqFt: 0
Unit 4 Total Rooms: 4
Unit 4 Includes: Oven/Range, Refrigerator, Wall Furnace
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Exterior Features |
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Property Type: Multi Unit 2-4
# of Units: 4
Gar/Prk: 4-7 Cars, Carports
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Lot Size (Sq. Ft.): 0
Pool: Yes
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Investor Information |
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Monthly Income: 6285
Est. Management: 15900
Est. Misc. Expenses: 2300
Separate Meters: Electricity, Gas
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Monthly Expenses: 2775
Est. Insurance: 0.00
Tenant Pays: Electricity, Gas
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Unit 1 Occupancy: Tenant
Unit 1 Rents for: 1260
Unit 3 Occupancy: Tenant
Unit 3 Rents for: 1525
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Unit 2 Occupancy: Tenant
Unit 2 Rents for: 1850
Unit 4 Occupancy: Tenant
Unit 4 Rents for: 1650
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Community Information |
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County: Marin
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General Information |
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Property Type: Multi Unit 2-4
Transaction Type: Sale
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New Construct/Resale: Resale
Status: Contingent - Show
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MLS #21106817
31 Reed Blvd
Mill Valley, CA 94941
Listing Price: $925,000
Sorry, Unable to map the location
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Listing information courtesy of: Michael Burke (MLS# A011174) - Frank Howard Allen - Greenbrae (MLS# AALLN10)
Listing information current as of: Thu May 24, 2012 21:45:13 PST
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