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Multifamily

33 Clay Court @ Pacheco Villas

33 Clay Ct, Novato, CA 94949

Listing Price: $1,867,000

Cap Rate
5.49%
Number of Units
4
GRM
11.71
Occupancy
100.0%
Price/Unit
$466,750

Investment Overview

33 Clay Court is a quality fourplex located in the attractive Pacheco Villas apartment
community in Novato. The community is surrounded by the Pacheco Valle Preserve, a
beautiful, undeveloped 519-acre refuge. This is the southernmost location in Novato,
Marin County’s largest city by geography.

Pacheco Villas is a quiet, low-density development with scenic grounds and each
building is comprised of large apartments offering a home-like alternative for tenants
seeking a peaceful, family-friendly community. There is easy access to Hwy 101, with
employment, schools, and shopping just a short drive away.

Priced at a starting cap rate of 5.49% with the potential to reach a 5.80% cap rate at
demonstrated market rents, this investment opportunity provides immediate cashflow
with upside - a rare find in Marin County.

Investment Highlights

  • Turnkey 4-plex with (4) large 2-bedroom, 1.25-bath units with in-unit laundry.
  • Ease of management due to Owner's Association covering common maintenance.
  • Rare starting 5.49% Cap Rate for Marin, with additional upside.
  • High demand rental community.

Exclusively Listed By

Multifamily

33 Clay Court @ Pacheco Villas

Listing Price: $1,867,000

Cap Rate
5.49%
Number of Units
4
GRM
11.71
Occupancy
100.0%
Price/Unit
$466,750

Investment Highlights

  • Turnkey 4-plex with (4) large 2-bedroom, 1.25-bath units with in-unit laundry.
  • Ease of management due to Owner's Association covering common maintenance.
  • Rare starting 5.49% Cap Rate for Marin, with additional upside.
  • High demand rental community.

Investment Overview

33 Clay Court is a quality fourplex located in the attractive Pacheco Villas apartment community in Novato. The community is surrounded by the Pacheco Valle Preserve, a beautiful, undeveloped 519-acre refuge. This is the southernmost location in Novato, Marin County’s largest city by geography. Pacheco Villas is a quiet, low-density development with scenic grounds and each building is comprised of large apartments offering a home-like alternative for tenants seeking a peaceful, family-friendly community. There is easy access to Hwy 101, with employment, schools, and shopping just a short drive away. Priced at a starting cap rate of 5.49% with the potential to reach a 5.80% cap rate at demonstrated market rents, this investment opportunity provides immediate cashflow with upside - a rare find in Marin County.

Exclusively Listed By

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