255 Channing Way, San Rafael , CA for sale

Investment Overview

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.

Investment Highlights

• Rare Fourteen Unit Property in San Rafael, CA
• Unrivaled Views, Spacious Units with Lots of Sunlight
• Meticulously Maintained with Significant Capital Invested
• Remodeled Units with New Floors, Updated Kitchens, New Appliances
• Solid Historic Occupancy and High Rent Demand
• Low Expense Building, Separately Metered PG&E, Partial RUBs in Place
• Ideal Location in Highly Desirable Quiet, Upscale Neighborhood