1129 3rd ST, NOVATO CA, 94945

Active

1129 3rd ST

NOVATO CA, 94945

$1,750,000

$469.42 per sqft

Active

3,728 sqft

Multi-family

Built in 1973

Listed by Jefrey Henderson, Broker, Jefrey Henderson, Listing Contact: 4155357414

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 27, 2024

Updated

Map

1129 3rd ST
NOVATO CA, 94945

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Ceiling Fan(s)
Heating: No

Exterior/Building Features

Lot Size: 0.17 Acres
Roof: Composition

School Information

School District: Novato Unified

Other Property Details

Area Name: Novato
Garage: No
Parking Total: 1
View: No
County: Marin
Pool: No
Zoning: N/A

Listed by Jefrey Henderson, Broker, Jefrey Henderson,
Listing Contact: 4155357414

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 The Aguero Mattos Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than The Aguero Mattos Group are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

Data last updated 12:08 PM UTC, 9/27/2024