1129 3rd St, Novato, California, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$1,750,000

1129 3rd St
Novato, California, United States

2bd 4.5ba

Listed By: Realtyww Info

Listed On: 09/08/2024

Listing ID: GL11270370 View More Details

Description

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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Listed by: Jefrey Henderson