1129 3rd St, Novato, CA 94945

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Residential IncomeFor Sale

$1,750,000

1129 3rd St

Novato, CA 94945

Listed by: Jefrey Henderson from Jefrey Henderson, Broker, (408) 453-7461

MLS: MLSListings Inc.

3,728Sq Ft

Est. Mortgage

$9,133/mo

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.

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Based on information from the MLSListings MLS as of 10/03/2024 09:16 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Information courtesy of Jefrey Henderson, Broker is subject to verification and is not guaranteed.

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