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    60-62 Ridge Avenue

    San Rafael, CA 94901
    • $925,000
    • STATUS: Active
    • ON SITE: 100 days
    • ID#: 22008858
    Price Reduced
    UPDATED: 36 min ago
    $925,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,998
      SQFT
    • $463
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1944
    County:
    Area:

    School Ratings & Info

    Description

    Duplex with upside potential in rents. Originally built in 1947, the units have been substantially upgraded through the years. Both units have similar 2BR/1BA floor plans with bedrooms, bath and kitchen on the main level and a separate dedicated extra room and common laundry room with individual hook-ups, and garage entrance on the lower level. The City report reflects these extra rooms as third bedrooms; however, the area is not heated. This lower level might easily convert into a third Accessory Dwelling Unit (ADU). Buyer should check with the City of San Rafael on their requirements. The kitchens were remodeled in 2003. The deck and the roof were replaced in 2003. Overall, the property seems to be in good condition. Both apartments have hardwood floors, large view decks, central forced air heating and separate hot water heaters. Separately metered for PG&E and water.

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    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2020-09-26T07:55:43.21.
    www.raphomes.com/homes/106936686
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    60-62 Ridge Avenue San Rafael, CA 94901

    • Price: $925,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 22008858
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    1,998
    SQFT
    $463
    $/SQFT
    1944
    Built
    Neighborhood:
    San Rafael
    County:
    Marin
    Area:
    San Rafael
    Property Description
    Duplex with upside potential in rents. Originally built in 1947, the units have been substantially upgraded through the years. Both units have similar 2BR/1BA floor plans with bedrooms, bath and kitchen on the main level and a separate dedicated extra room and common laundry room with individual hook-ups, and garage entrance on the lower level. The City report reflects these extra rooms as third bedrooms; however, the area is not heated. This lower level might easily convert into a third Accessory Dwelling Unit (ADU). Buyer should check with the City of San Rafael on their requirements. The kitchens were remodeled in 2003. The deck and the roof were replaced in 2003. Overall, the property seems to be in good condition. Both apartments have hardwood floors, large view decks, central forced air heating and separate hot water heaters. Separately metered for PG&E and water.
    Exterior Features

    Exterior Stucco Foundation Construct Cc SlabCc Perimeter Garage Parking 1-3 CarsAttachedGarage Lot Description Downslope Pool No Roof Composition Style Contemporary Type 2 StoryDuplex View Yes Views Partial

    Interior Features

    Basement Finished Fireplace No Floors Hardwood Laundry Appliance Common Room Unit1 Approx Sq Ft 0 Unit1 Baths Full 1 Unit1 Bedrooms 2 Unit1 Half Baths 0 Unit1 Includes Balcony/DeckCentral HeatWasher/Dryer Hookups Unit1 Sq Ft Source Not Measured Unit1 Total Rooms 5 Unit2 Approx Sq Ft 0 Unit2 Baths Full 1 Unit2 Bedrooms 2 Unit2 Half Baths 0 Unit2 Includes Balcony/DeckCentral HeatWasher/Dryer Hookups Unit2 Sq Ft Source Not Measured Unit2 Total Rooms 5 Unit3 Approx Sq Ft 0 Unit3 Total Rooms 0 Unit4 Approx Sq Ft 0 Unit4 Total Rooms 0

    Property Features

    Auction No Cap Rate 0.00 City Transfer Tax Yes City Transfer Tax Rate 0.00 Common Int Dev No Deposits 0.00 Est Ann Net Income 25800.00 Est Insurance Exp 1400.00 Est Maintenance Exp 2300.00 Est Management 0.00 Est Misc Expenses 0.00 Est Taxes 11800.00 Est Total Annual Exp 15500.00 Est Utilities Exp 0.00 Expense Source Owner GRM 22.40 Gross Scheduled Inc 41300.00 Lot Size Source (Realist Public Rec) Monthly Expenses 1291.67 Monthly Income 3441.67 Multifamily Type Multi Unit 2-4 New Construction Or Resale Resale Operating Exp Inc GarbageInsuranceMaintenanceTaxes/AssessmentsWater Planned Unit Develop No Projected Or Actual Actual Separate Meters ElectricityGasWater Sewer Septic Sewer Public Special Zones None Square Footage Source Realist Public Rec Tenant Pays ElectricityGarbageGasWater Transaction Type Sale Unit1 Lease Term Month To Month Unit1 Rents For 1590.00 Unit2 Lease Term Month To Month Unit2 Rents For 1850.00 Unit3 Rents For 0.00 Unit4 Rents For 0.00 Water Source Water-Public Year Built Source Realist Public Rec Zoning R-5

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Michael Burke of Golden Gate Sotheby's International Realty.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rapisarda Real Estate. Data last updated: 2020-09-26T07:55:43.21.
     
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    Rapisarda Real Estate
    785 Alamo Drive, Suite 120
    Vacaville CA, 95688