Sold
Closed
1304-1306 Leafwood Dr
Novato CA, 94947
$3,080,532
$400.07 per sqft
Sold
Closed
7,700 sqft
Residential
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
August 23, 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
Listing History
Date | Event | Price |
---|---|---|
7/31/2024 | Sold | $3,080,532 |
5/17/2024 | Pending | — |
5/6/2024 | Active | — |
4/9/2024 | Pending | — |
Bought with Bernice Yap with P&A Realty and Listed by Steven Level with Berkshire Hathaway
Listing Contact:
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