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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