Active

17 Clay Ct

Novato CA, 94949

$1,885,000


$437.56 per sqft

Active

8 Baths

4,308 sqft

Multi-family

Built in 1978

17 Clay Court is an upgraded and well maintained 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. 17 Clay Court is one of sixteen small apartment buildings in the community and has (3) 2-bedroom, 1.25-bath, and (1) 3-bedroom, 2-bath apartments. Each of these large apartments has its own laundry room, fireplace, and water heater. The roof was new in 2023. There is a resort-like swimming pool for the tenants to enjoy, plenty of parking, including dedicated carports, and the lush grounds create a park-like setting. It is fully occupied and one of the best value apartment investments in Marin with an 11.8 gross rent multiple, and 5.44% Cap Rate. With the potential to reach over a 6% cap rate at demonstrated market rents, this investment opportunity provides immediate cashflow with upside - a rare find in Marin County.

325004477

MLS ID

January 17, 2025

Listed

January 18, 2025

Updated

Map

17 Clay Ct
Novato CA, 94949

Interior Features

Total Stories

2


Total Bathrooms

8


Full Bathrooms

5


Laundry Description

In Each Unit, Washer/Dryer Owned


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Central, Gas

Exterior/Building Features

Lot Size

0.21 Acres


Exterior Features

None


Lot Features

None


Sewer

Public Sewer

Other Property Details

Area Name

Novato


Association Fee

$1,427


Association Fee Frequency

Monthly


Association Amenities

Pool, Other


Garage

No


Parking

Carport, Guest Parking Available


Parking Total

4


View

No


County

Marin


Water Source

Public


Pool

No

Listed by John W Garrett (01421403) with Marcus & Millichap Real Estate Investment Services, Inc.

Listing Contact:  

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