United StatesCaliforniaNovatoCentral NovatoFive Unit Building in Downtown Novato

1020 3rd Street, Novato, California, Marin County, 94945

$1,650,000
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$1,650,000
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6
Bedrooms
5
Full Baths
1
Partial Bath
3,650 Sq Ft.
Interior
.17 Acres
Exterior
Multi-Family Homes
Property type
1963
Year Built
ZN3WJX
Web Id
321115284
MLS ID
Novato Unified
School District

About 1020 3rd Street

Quality five-unit building in an ideal downtown Novato location.

Ample off-street parking and extra storage rooms for tenants. On-site coin-operated laundry. Apartments are separately metered for PG&E.

Tenants enjoy the close proximity to the shops and restaurants of downtown Novato.

One 2-Bedroom/1.5-Bath townhouse unit and four 1-Bedroom/1-Bath flats. Upper apartments feature a private deck. Ample off-street uncovered parking.

The apartments were built in 1963 and are two-story, wood-frame, and stucco construction with a flat roof behind a decorative mansard roof. Overall, the property seems to be in very good condition. The main electrical panel was replaced in 2018. The building’s water heater was replaced also in 2018.

At least two of the tenants have been in occupancy for over 20 years and are paying below-market rents. These two units will need to be upgraded and remodeled but offer a value-add opportunity by bringing these ultimately up to market rents.

features

Style
Contemporary

Property Feature

Age
Over 50 Years Old
Golden Gate Sotheby’s International Realty is your destination for luxury real estate listings. This property for Sale at 1020 3rd Street is a Multi-Family Homes with 6 bedrooms , 5 bathrooms and 1 partial baths . It is located in 1020 3rd Street Central Novato, Novato, California and is in the 94945 zip/post code area. This home of 3,650 Sq.Ft. was built in 1963 and is on a .17 Acres lot. Golden Gate Sotheby’s International Realty also has property listings in cities near Novato, including Ignacio, San Marin and Novato. If you would like more information about this home for Sale at Five Unit Building in Downtown Novato, Novato, California 94945 United States or would like to schedule a showing, contact the agent listed above for more information. You may also sign in, create an account, and save this listing for later reference by using icons at the top of this page.
Michael Burke
  • Lic.# 00454938
500 Drakes Landing Road
Greenbrae, California, 94904
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