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    2 Shelley Drive

    Mill Valley, CA 94941
    • $7,995,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: 22028456
    UPDATED: 27 min ago
    $7,995,000
    • 0
      BEDS
    • 0.49
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,644
      SQFT
    • $687
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:
    Area:

    School Ratings & Info

    Description

    14-unit multifamily property in excellent Mill Valley location. Major capital improvements completed include balconies, roofs, seismic retrofit, windows & sliders. Ten units significantly remodeled. Turnkey, pride-of-ownership property with great, in-place 3rd party management. (2) one-bedroom and (12) two-bedroom units. Four un-remodeled units at below market rents offer upside. Attractive debt programs enable above market cash-on-cash returns.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2021-02-24T11:58:23.587.
    www.sonomamarinhomes.com/homes/113452969
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    2 Shelley Drive Mill Valley, CA 94941

    • Price: $7,995,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: 22028456
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.49
    Acres
    11,644
    SQFT
    $687
    $/SQFT
    1959
    Built
    Neighborhood:
    Mill Valley
    County:
    Marin
    Area:
    Mill Valley
    Property Description
    14-unit multifamily property in excellent Mill Valley location. Major capital improvements completed include balconies, roofs, seismic retrofit, windows & sliders. Ten units significantly remodeled. Turnkey, pride-of-ownership property with great, in-place 3rd party management. (2) one-bedroom and (12) two-bedroom units. Four un-remodeled units at below market rents offer upside. Attractive debt programs enable above market cash-on-cash returns.
    Exterior Features

    Carport Spaces 14 Covered Spaces 0 Foundation Details Concreteperimeter Independent Parking Spaces 0 Open Parking Spaces 9 Parking Features CarportUncovered Parking Total 0 Roof Other Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 2 2 Bedroom Units Total 12 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Heating Central Laundry Features Coin OperatedIn Common AreaWasher/Dryer Leased Studio Units Total 0

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 489936 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Special Listing Conditions Offer As Is Subtype Description Apartments Tenant Pays ElectricityGasTrash CollectionWater Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of John W Garrett of Marcus & Millichap.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2021-02-24T11:58:23.587.
     
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