Property Details
About this Property
The Alto Apartments is a rare opportunity to acquire a clean 6-unit investment property in the charming Southern Marin community of Mill Valley just 10 minutes north of the Golden Gate Bridge. Featuring six spacious two bedroom units walking distance to parks, schools, hiking, restaurants, shopping, and downtown Mill Valley, as well as easy access to Highway 101, it would be hard to imagine a better combination of fundamentals and location than this. 5 of 6 apartments have fully updated kitchens and baths. In addition the original charm pervades with large picture windows bringing in natural light and natural wood floors. Property pays for water, sewer and trash and exterior lighting. Importantly, the original electric circuit breaker panels have been replaced in accordance with current insurance underwriting standards and additional plumbing and seismic upgrades have been completed (records with the City of MV). There is a coin laundry room onsite, one assigned tandem carport, and additional storage closet off the carport for each unit. Priced below recent sales comps, the starting cap of 4.00% grows to 5.18% at what are believed to be market rents, making the Alto Apartments a compelling buy for the long term real estate investor.
MLS Listing Information
MLS #
BA324048177
MLS Source
Bay Area Real Estate Information Services, Inc.
Interior Features
Appliances
Dishwasher, Oven Range - Electric
Flooring
Stone, Wood
Laundry
Coin Operated
Cooling
None
Heating
Central Forced Air, Gas
Exterior Features
Roof
Flat, Tar/Gravel
Foundation
Combination, Concrete Perimeter, Slab
Style
Other
Parking, School, and Other Information
Garage/Parking
Carport, Other, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 6 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 826 | 2 | 1/0 | $3,050 | – | – |
| 2 | 826 | 2 | 1/0 | $2,900 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
55 Roque Moraes Ct is a Residential Income in Mill Valley, CA 94941. This 5,008 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1959. This address can also be written as 55 Roque Moraes Ct, Mill Valley, CA 94941.
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This listing information is up-to-date as of August 29, 2024. For the most current information, please contact Katherine Raphael, (415) 259-9891
