255 Channing Way
$6,000,000
4
2
13,300
13,300
$451
Description
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...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.
- Listed by Michael B Johnston • DRE #01370461 • Brokerage DRE #01499008 • Berkshire Hathaway Drysdale Properties
Property Details for 255 Channing Way
Directions to Property
Top of hill off Professional Center Pkwy.
Parking FeaturesCarport/Pad
View DescriptionMountains, Hills
Cross StreetProfessional Center Pkwy
Total Parking Spaces20
LISTING UPDATED: 09/13/2024 08:01 AM
Property Details for 255 Channing Way
Status | Active |
---|---|
MLS # | 324073256 |
Days on Compass | 62 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1965 |
Lot Size | 0.70 AC / 30,548 SF |
County | Marin County |
Building Information for 255 Channing Way
Stories2Residences14Year Built1965Building Size-Lot Size0.70 AC / 30,548 SF
Property Information for 255 Channing Way
Property History for 255 Channing Way
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 255 Channing Way
Taxable ValueLand$1,318,680Additions$2,046,527Total$3,365,207
Tax Record2018$52,785 ($4,399 / month)
Home Facts
Total Finished SqFt12,124 SqFtAbove Grade Finished SqFt12,124 SqFtLot Size30,550 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965Year Renovated1965CountyMARINAPN15509220
Schools near 255 Channing Way
This home is within San Rafael City High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mary E. Silveira Elementary School PublicK to 5 | ||
Miller Creek Middle School Public6 to 8 | ||
Terra Linda High School Public9 to 12 | ||
San Rafael High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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