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

November 22, 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 11/22/2024.

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 Natasha Murphy | CA DRE# 01883883 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 10:52 PM UTC, 11/22/2024

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