$2,400,000 Price Analysis 185-189 Los Ranchitos RdSan Rafael, CA 94903 6 bed 5 bath 3,839 SqFt ($625/SqFt) 1.39 acre lot. Built 1948 Listed 2024-05-22 | Ⓧ USDA Ineligible due to price & location near San Rafael |
An incredible Marin County investment opportunity. The property is located on 1.38 acres (60, 000 sf) of land and features a big 2BR home with tall ceilings, inlaid hardwood floors, oversized bedrooms, a large country kitchen and a 50's purple'' bath that the tenants love. In addition to the main h ouse, there are four, updated and in fantastic condition 1BR cottages.
Each unit has its own laundry room and attached 1-car garage. While the current price reflects the property's existing income, the true value lies in its untapped potential - keep as s or add two additional ADU'' cottages or divide the property into 6-8 lots with the house on one and 5-7 building sites available for construction. Sellers may consider short-term financing at 5%. Duplicate listing in MLS residential
Presented by Michael Burke at
Golden Gate Sotheby's International Realty.
Property MLS #324039284 from Bareis
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.