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$ 5,600,000
Est. payment | /mo
0.41 Acres Lot
$ 5,600,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82054661
HOA Y/N No
Year Built 1962
Annual Tax Amount $97,533
Lot Size 0.410 Acres
Property Description
19 Merrydale Road (the Property) is a multifamily asset built in 1965 situated on a generously sized lot and comprised of eighteen (18) units. The Property features a unit mix of twelve (12) one-bedroom/one-bathroom and six (6) two-bedroom/one-bathroom floorplans. Several units have been tastefully renovated as tenants have turned, and recent capital improvements include new electrical subpanels, water heaters, and furnaces throughout, ensuring modern mechanical systems and reduced near-term capital requirements for an incoming investor. Each unit benefits from its own individual water heater and furnace, providing residents with independent climate and utility control a meaningful amenity that limits owner utility exposure and enhances tenant satisfaction. The Property also features on-site laundry and commanding views of the surrounding Marin hillsides, adding to its strong appeal among prospective renters. Marin Heights premier location in San Rafael positions it at the heart of one of the most desirable residential communities in Marin County. Residents enjoy convenient access to Highway 101 and proximity to major employment centers across the North Bay and broader Bay Area, while benefiting from the exceptional quality of life Marin is renowned for.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 18
Roof Type Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 17922217
Special Listing Condition Standard
Listed by Adam Foley CBRE, Inc. #02144332
Nearby Locations
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