7 Merrydale Rd - Apartments FOR SALE


San Rafael, CA 94903
$2,800,000 USD
415-877-1077
7 Merrydale Rd, San Rafael, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/17
null | 5.74% Cap Rate

7 Merrydale Rd
San Rafael, CA 94903


OVERVIEW

Welcome to the Merrydale View Apartments, ideally situated at the top of a cul-de-sac on the west side of the freeway in San Rafael's vibrant Civic Center area. This two-story bread-and-butter building comprises a mix of three spacious two-bedroom and five comfortable one-bedroom apartments catering to various lifestyle preferences. Nestled against a picturesque hillside, the property offers breathtaking views across Terra Linda, providing a serene and scenic living environment. Residents can take advantage of convenient off-street parking and an on-site laundry facility. The lower units feature a charming fenced-in patio, while upper units boast a delightful view deck. Constructed in 1960, this building is wood frame on a concrete perimeter foundation. Two-story, bread and butter wood frame building on a concrete perimeter foundation built in 1960. Mix of 3-2BR and 5-1BR units. On site leased laundry equipment. Off-street parking. The upper units feature a view deck. The lower units have a nice fenced-in patio. Rents appear to be at market Age: 1960 Construction: Wood Frame on concrete perimeter foundation. Roof: Tar & Gravel Parking: Off-street PG&E: Separate meters Kitchens: 5 with electric stove, 3 with gas stoves. No disposal or dishwasher Heating: individual forced air Water heaters: individual in laundry room. Water and Trash: By owner with reimbursements Electrical: Circuit breakers – some Fed Pacific, some replaced. Laundry – Leased in separate laundry room.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merrydale View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

179-222-15

ASK ABOUT THIS PROPERTY

Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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