Active
1129 3rd Street
Novato CA, 94945
$1,750,000
$469.42 per sqft
Active
8 Beds
3,728 sqft
Multi-family
Built in 1973
CBRE is pleased to offer for sale The Third Street Townhomes (1129 3rd St) comprised of 4 townhome units in Novato, California. The Property is located in the heart of the most desired Marin County community with convenient access to transit and walking distance to the downtown Novato attractions. The Property offers an investor the rare opportunity to purchase four 930 SF two-story townhomes in an ideal Marin County location. The investment appeal of the Property is driven by the exceptional renovation premium by infusing light upgrades to the well kept units to increase rents to ~$3,000+ based on comparables. Current rents are below market and new ownership can raise rents Q1 of 2025. This is a don't miss value-add opportunity that will stabilize above a 6.4% cap rate.
ML81978903
MLSⓇ ID
September 3, 2024
Listed
September 18, 2024
Updated
Map
1129 3rd Street
Novato CA, 94945
Interior Features
Bedrooms
8
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.17 Acres
School Information
School District
NOVATO UNIFIED SCHOOL DISTRICT
Other Property Details
Area Name
Novato
Garage
No
View
No
County
Marin
Pool
No
Zoning
N/A
Listed by Jefrey Henderson with Jefrey Henderson, Broker
Listing Contact: 408-306-3228
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