33 Clay Ct - Apartments FOR SALE


Novato, CA 94949
$1,867,000 USD
415-625-2131
33 Clay Ct, Novato, CA for Sale
$1,867,000 USD
Apartments - FOR SALE
1/14
null | 5.56% Cap Rate

33 Clay Ct
Novato, CA 94949


OVERVIEW

33 Clay Court is a quality fourplex located in the attractive Pacheco Villas apartment community in Novato. The community is surrounded by the Pacheco Valle Preserve, a beautiful, undeveloped 519-acre refuge. This is the southernmost location in Novato, Marin County’s largest city by geography. Pacheco Villas is a quiet, low-density development with scenic grounds and each building is comprised of large apartments offering a home-like alternative for tenants seeking a peaceful, family-friendly community. There is easy access to Hwy 101, with employment, schools, and shopping just a short drive away. Priced at a starting GRM of 11.6 and a Cap Rate of 5.56% with the potential to reach a 5.80% Cap Rate at demonstrated market rents, this investment opportunity provides immediate cashflow with upside - a rare find in Marin County.

FOR SALE DETAILS

PRICE

$1,867,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

4

PRICE/UNIT

$466,750

CAP RATE

5.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

33 Clay Court @ Pacheco Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,612 SF

ZONING

-

APN/PARCEL ID

160-581-12

ASK ABOUT THIS PROPERTY

John GarrettMarcus & MillichapMore Info
415-625-2131

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

John GarrettMarcus & MillichapMore Info
415-625-2131

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