$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.