75-77 Woodland Avenue
75-77 Woodland Avenue
$3,670,000
1
1
4,498
4,498
$816
Contingent - Show
Description
Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath...Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath apartments, and (4) 2-bed/1-bath apartments. The buildings benefit from recent upgrades - nine of the units have been updated since 2018 with select units being improved with new paint, flooring, cabinetry, countertops, lighting, dual-pane windows, and stainless steel appliances. Seven of the current tenants have resided at the property for five or more years, a testament to the desirability of the property and its location. Woodland Apartments is a bread and butter investment asset, positioned to provide its new owner with immediate, reliable cash flow and long term appreciation in a highly constrained, blue-chip Bay Area submarket.
- Listed by John W Garrett • DRE #01421403 • Brokerage DRE #00662084 • Marcus & Millichap
Property Details for 75-77 Woodland Avenue
Cross Street
Du Bois St
Total Parking Spaces18
Location
LISTING UPDATED: 04/02/2024 03:50 PM
Property Details for 75-77 Woodland Avenue
Status | Contingent - Show |
---|---|
MLS # | 324008006 |
Days on Compass | 50 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | - |
Lot Size | 0.21 AC / 9,003 SF |
County | Marin County |
Location
Building Information for 75-77 Woodland Avenue
Stories-Residences-Year Built-Building Size-Lot Size0.21 AC / 9,003 SF
Payment Calculator
$20,029 per month
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Property Information for 75-77 Woodland Avenue
Property History for 75-77 Woodland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 75-77 Woodland Avenue
This home is within San Rafael City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Coleman Elementary School PublicK to 5 | ||
Laurel Dell Elementary School PublicK to 5 | ||
James B. Davidson Middle School Public6 to 8 | ||
Terra Linda High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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