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Listed by John W Garrett • Marcus & Millichap Real Estate Investment Services, Inc.
$1,867,000
Est. payment /mo
2,222 Beds
4 Baths
3,984 SqFt
UPDATED:
02/05/2025 07:50 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $468
MLS Listing ID 325004497
Bedrooms 2222
HOA Y/N No
Year Built 1978
Lot Size 6,547 Sqft
Property Description
33 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The property is one of sixteen small apartment buildings in the community and has (4) 2-bedroom, 1.25-bath apartments. Each of these large apartments has its own laundry room, fireplace, and water heater. The roof was new in 2023. There is a resort-like swimming pool for the tenants to enjoy, plenty of parking, including dedicated carports, and the lush grounds create a park-like setting. There is one apartment that is currently vacant providing a seamless owner-occupant opportunity. Otherwise, if fully rented it represents one of the best value apartment investments in Marin with an 11.7 gross rent multiple, and 5.49% Cap Rate. Don't miss this great opportunity.
Location
State CA
County Marin
Area Novato
Interior
Heating Central
Cooling Ceiling Fan(s)
Exterior
Parking Features Carport, Guest Parking Available
Garage Spaces 4.0
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None
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