Sold

699 Logan St

Novato CA, 94945

$1,780,000


$410.90 per sqft

Sold

4,332 sqft

Multi-family

Built in 1976

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 14.0 times current low income or 11.2 times conservative market income

322068360

MLS ID

February 16, 2024

Updated

Map

699 Logan St
Novato CA, 94945

Interior Features

Total Stories

0


Appliances

Dishwasher, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater


Laundry Description

Coin Operated, In Common Area, Washer/Dryer Owned


Floor Description

Carpet, Simulated Wood, Varies by Unit


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric, Radiant

Exterior/Building Features

Lot Size

0.21 Acres


Exterior Features

Landscape Front, Sidewalk


Lot Features

Landscape Front, Sidewalk


Architectual Style

Contemporary


Roof

Shingle, Tar/Gravel


Sewer

Public Sewer

Other Property Details

Area Name

Novato


Garage

No


Parking

Carport, Off Street, Uncovered


Parking Total

18


View

No


County

Marin


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Bought with Pamela Burke with Golden Gate Sotheby's International Realty and Listed by Michael J Burke with Golden Gate Sotheby's International Realty

Listing Contact:  

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