Pending

Contingent - No Show

1304-1306 Leafwood Dr

Novato CA, 94947

$3,150,000


$409.09 per sqft

Pending

Contingent - No Show

7,700 sqft

Multi-family

Built in 1960

6.07% Starting Cap Rate in Marin County! Excellent investment opportunity to own an upgraded 12-unit apartment complex with rental upside in coveted Marin County. Highlighted by a unit mix of eight (8) 2-bedroom, 1-bath units and four (4) 1-bedroom, 1-bath units, the subject property consists of two buildings located on three separate parcels in central Novato, CA. The property has undergone substantial renovations in the last few years including new roofs, new exterior stairways and decks, updated hardscape throughout including a newly paved courtyard, dual-pane windows in all units, new exterior paint and drought resistant landscaping. Two of the units have full interior remodels and four additional units have new flooring. The apartment complex features an on-site laundry room, carport parking and separate meters for gas and electric.

324023387

MLS ID

April 5, 2024

Listed

July 13, 2024

Updated

Map

1304-1306 Leafwood Dr
Novato CA, 94947

Interior Features

Total Stories

0


Laundry Description

Coin Operated, In Common Area


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.37 Acres


Exterior Features

Landscape Front, Shape Regular


Lot Features

Landscape Front, Shape Regular


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

Novato


Garage

No


Parking

Covered, Off Street, Open, Street, Uncovered


Parking Total

12


View

No


County

Marin


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/17/2024

Pending

5/6/2024

Active

4/9/2024

Pending

Listed by Steven Level (01184232) with Berkshire Hathaway

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Sherry Ramzi | CA DRE# 01057486 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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