255 Channing Way - Apartments FOR SALE


San Rafael, CA 94903
$6,000,000 USD
415-794-6453
255 Channing Way, San Rafael, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/32
null | 5.5% Cap Rate

255 Channing Way
San Rafael, CA 94903


OVERVIEW

This 14-unit apartment building offers a turn key investment opportunity in a sought-after area. The property has been well-maintained and features recently remodeled units, including new floors, updated kitchens, and modern appliances. Each apartment is spacious, with plenty of natural light throughout. The building benefits from a history of strong occupancy rates and high rental demand, providing steady income potential. Additionally, it has been optimized for low operating costs with separate PG&E meters and a partial Ratio Utility Billing System (RUBS) in place. Ideal for investors, this property offers long-term stability and an attractive return on investment due to its solid rental market and low expenses.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$451 USD /SF

# OF UNITS

14

PRICE/UNIT

$428,571

CAP RATE

5.5%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bella Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

R3 BD15, San Rafael

APN/PARCEL ID

155-092-20

ASK ABOUT THIS PROPERTY

Michael JohnstonBerkshire Hathaway HomeServices Drysdale PropertieMore Info
415-794-6453

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Michael JohnstonBerkshire Hathaway HomeServices Drysdale PropertieMore Info
415-794-6453

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.