Active
255 Channing Way
San Rafael CA, 94903
$6,000,000
$451.13 per sqft
Active
28 Beds
2 Baths
13,300 sqft
Multi-family
Built in 1965
This 14-unit apartment building offers a turn key investment opportunity in a sought-after area. The property has been well-maintained and features recently remodeled units, including new floors, updated kitchens, and modern appliances. Each apartment is spacious, with plenty of natural light throughout. The building benefits from a history of strong occupancy rates and high rental demand, providing steady income potential. Additionally, it has been optimized for low operating costs with separate PG&E meters and a partial Ratio Utility Billing System (RUBS) in place. Ideal for investors, this property offers long-term stability and an attractive return on investment due to its solid rental market and low expenses.
324073256
MLSⓇ ID
September 5, 2024
Listed
October 1, 2024
Updated
Map
255 Channing Way
San Rafael CA, 94903
Interior Features
Total Stories
2
Bedrooms
28
Total Bathrooms
2
Full Bathrooms
2
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Individual
Exterior/Building Features
Lot Size
0.7 Acres
Lot Features
None
Sewer
None
Other Property Details
Area Name
San Rafael
Garage
No
Parking
Carport
Parking Total
20
View
Yes
View Description
Mountain(s), Hills
County
Marin
Water Source
None
Pool
No
Listed by Michael B Johnston with Berkshire Hathaway Drysdale Properties
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 10/1/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeffrey Marples shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 San Francisco Association of REALTORS. All rights reserved.
Data last updated 8:59 PM UTC, 10/1/2024
