9 Completely Rebuilt Units - Excellent San Rafael Location (Off Market)

For Sale, 3,875,000 USD


1380 Lincoln Avenue,

Property Type : Multi-Family Home

Property Style : Contemporary

Build Size : 5,130 ft² / 477 m²

Land Size : 9,583 ft² / 890 m² Convert Land Size

Bedroom : 11

Bathroom : 9

Half Bathroom : 0

MLS#: 323040305


Property Description

Discover 1380 Lincoln Avenue, newly converted to residential apartment complex, located in the beautiful county of Marin, right in the heart of San Rafael. With 9 turnkey units boasting strong rents, this property presents an exceptional opportunity. Offering a diverse selection of units, including 3 studios, 4 one-bedrooms, and 2 two-bedrooms. Originally an office building, this property underwent a complete transformation in 2023, resulting in fully remodeled units featuring brand new cabinets, flooring, kitchens, bathrooms, and operating systems. Ample on-site parking, with 12 dedicated spaces available. Strong in-place rents, with built-in 3% annual increases stipulated in the leases. It's worth noting that Marin County is known for stringent regulations on multi-family construction, making opportunities like this particularly rare.
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9 Completely Rebuilt Units - Excellent San Rafael Location, United States,California,San Rafael is a 5,130ft² San Rafael luxury Multi-Family Home listed for sale 3,875,000 USD. This high end San Rafael Multi-Family Home is comprised of 11 bedrooms and 9 baths. Find more luxury properties in San Rafael or search for luxury properties for sale in San Rafael.