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699 Logan Street

Novato, CA 94945
  • $2,095,000
  • STATUS: Active
  • ON SITE: 79 Days
  • ID#: 322068360
UPDATED: 8 min ago
$2,095,000
  • 8
    BEDS
  • 0.21
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,332
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Ratings & Info

Description

6-2BR/1BA apartments with great floorplans. Compact, yet offering enough room for a separate dining area. Kitchens feature an all-electric design with dishwashers. All apartments have a private balcony. Built in 1976, the property appears to be in good overall condition. The building is all electric, except for a gas meter for the house water heater. Heating is radiant electric in the ceilings with separate area thermostats. Units are separately metered for electricity and the tenants pay their own. There is an on-site laundry room with brand new owned equipment. Each apartment has an extra storage room in the carport area. Huge upside in rental income from long-term tenants. Now priced to sell at 15.6 times current low income or 12.5 times conservative market income

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Solano Real Estate Group | Coldwell Banker. Data last updated: 2022-10-07T13:57:55.93.
www.solanoregroup.com/homes/131061289
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699 Logan Street Novato, CA 94945

  • Price: $2,095,000
  • Status: Active
  • On Site: 79 Days
  • Updated: 8 min ago
  • ID#: 322068360
8
Beds
4
Baths
0
½ Baths
0.21
Acres
4,332
SQFT
$484
$/SQFT
1976
Built
Neighborhood:
Novato
County:
Marin
Area:
Novato
Property Description
6-2BR/1BA apartments with great floorplans. Compact, yet offering enough room for a separate dining area. Kitchens feature an all-electric design with dishwashers. All apartments have a private balcony. Built in 1976, the property appears to be in good overall condition. The building is all electric, except for a gas meter for the house water heater. Heating is radiant electric in the ceilings with separate area thermostats. Units are separately metered for electricity and the tenants pay their own. There is an on-site laundry room with brand new owned equipment. Each apartment has an extra storage room in the carport area. Huge upside in rental income from long-term tenants. Now priced to sell at 15.6 times current low income or 12.5 times conservative market income
Exterior Features

Architectural Style Contemporary Carport Spaces 8 Covered Spaces 0 Foundation Details Concreteperimeter Independent Parking Spaces 0 Lot Features Landscape FrontSidewalk Open Parking Spaces 2 Parking Features CarportOff StreetUncovered Parking Total 18 Roof ShingleTar/Gravel Tandem Parking Spaces 8

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 6 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances DishwasherFree Standing Electric RangeFree Standing RefrigeratorGas Water Heater Commercial Units Total 0 Cooling None Flooring CarpetSimulated WoodVaries By Unit Heating ElectricRadiant Laundry Features Coin OperatedIn Common AreaWasher/Dryer Owned Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 134400 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters Electricity Sewer Public Sewer Subtype Description Apartments Tenant Pays Electricity Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Michael J Burke of [OFFICENAME: .415-461-2500.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Solano Real Estate Group | Coldwell Banker. Data last updated: 2022-10-07T13:57:55.93.
 
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Solano Real Estate Group | Coldwell Banker
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Santa Rosa CA, 95403