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$4,295,000 | 8 Units | Strawberry

Just Listed

37 Reed Blvd | Mill Valley

$536,875

Price Per Unit

15.5

GRM

4.2%

Cap Rate

4,992

Square Feet

True pride-of-ownership eight-unit apartment building available for purchase in the heart of Strawberry. Seven of the eight one-bedroom apartments are fully remodeled, with permits. These high-end remodels include in-unit laundry, modern kitchens with stainless steel appliances, central air, recessed lighting, vinyl plank floors, and individual storage closets in the parking area.

 

Other significant improvements include new dual-pane windows, new paint, new tile hallways, and landscaping. There are twelve off-street parking spaces. The units are separately metered for gas and electricity. Each unit has a separate water heater, keeping operating expenses low.

 

This is a rare opportunity to purchase an turn-key asset in one of Marin's most desirable rental locations.

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