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Marin Heights 19 Merrydale Rd 18 Unit Apartment Building $7,949,375 CAD ($441,632 CAD/Unit) 5.08% Cap Rate San Rafael, CA 94903
EXECUTIVE SUMMARY
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 19 Merrydale Road, Marin Heights, 18 units in San Rafael made up of five (5) 1 bed 1 bath units, and six (6) 2 bed 1 bath units. Marin County’s strong rental market gives investors the chance to invest in an emerging hub for workforce spillover from San Francisco.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Marin Heights is Property 8 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Marin Heights is Property 8 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
PROPERTY FACTS
| Price | $7,949,375 CAD | Building Class | C |
| Price Per Unit | $441,632 CAD | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 11,568 SF |
| Cap Rate | 5.08% | Average Occupancy | 94% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.73/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PCNG, San Rafael | ||
| Price | $7,949,375 CAD |
| Price Per Unit | $441,632 CAD |
| Sale Type | Investment |
| Cap Rate | 5.08% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 11,568 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | PCNG, San Rafael |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 575 - 650 |
| 2+1 | 6 | - | 650 - 750 |
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PROPERTY TAXES
| Parcel Number | 179-222-17 | Improvements Assessment | $5,796,633 CAD |
| Land Assessment | $3,323,361 CAD | Total Assessment | $9,119,994 CAD |
PROPERTY TAXES
Parcel Number
179-222-17
Land Assessment
$3,323,361 CAD
Improvements Assessment
$5,796,633 CAD
Total Assessment
$9,119,994 CAD
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Marin Heights | 19 Merrydale Rd
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