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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