Multifamily
Hillcrest Apartments
199 Posada Del Sol, Novato, CA 94949
Listing Price: $21,000,000
Investment Overview
Discover a prime investment opportunity in Novato, California. The Hillcrest Apartments, a well-maintained 65-unit property, offers a tranquil and convenient lifestyle.
Property Highlights:
Prime Location: Nestled in the serene city of Novato, CA.
Generous Unit Mix: Featuring 64 spacious two-bedroom, 1.5-bath units and one one-bedroom unit.
On-Site Amenities: Relax and unwind at the refreshing pool and pool house.
Ample Parking: Enjoy the convenience of two assigned parking spaces per unit.
Recent Upgrades: Benefit from meticulously maintained parking areas and a newly refurbished pool deck.
Unit Features: Many units have been upgraded with modern amenities like engineered flooring, new appliances, and updated kitchens and bathrooms.
Investment Potential: With a 5.3% cap rate and $303 per square foot, this property offers significant upside potential for rental income.
The Hillcrest Apartments is a rare gem, combining a desirable location, well-maintained units, and attractive amenities. Don't miss out on this exceptional investment opportunity.
Exclusively Listed By
Financing By
Listing Price: $21,000,000
Investment Highlights
- 65 Units in Marin County CA
- Hillcrest Apartments has 2:1 parking for tenants as well as a pool
- Sixty-four 2-bedroom 1.5 bath townhouse units & one 1-bedroom unit
Investment Overview
Discover a prime investment opportunity in Novato, California. The Hillcrest Apartments, a well-maintained 65-unit property, offers a tranquil and convenient lifestyle. Property Highlights: Prime Location: Nestled in the serene city of Novato, CA. Generous Unit Mix: Featuring 64 spacious two-bedroom, 1.5-bath units and one one-bedroom unit. On-Site Amenities: Relax and unwind at the refreshing pool and pool house. Ample Parking: Enjoy the convenience of two assigned parking spaces per unit. Recent Upgrades: Benefit from meticulously maintained parking areas and a newly refurbished pool deck. Unit Features: Many units have been upgraded with modern amenities like engineered flooring, new appliances, and updated kitchens and bathrooms. Investment Potential: With a 5.3% cap rate and $303 per square foot, this property offers significant upside potential for rental income. The Hillcrest Apartments is a rare gem, combining a desirable location, well-maintained units, and attractive amenities. Don't miss out on this exceptional investment opportunity.
Exclusively Listed By
Financing By
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