About 255 Channing Way
This 14-unit apartment building offers a turn key investment opportunity in a sought-after area. The property has been well-maintained and features recently remodeled units, including new floors, updated kitchens, and modern appliances. Each apartment is spacious, with plenty of natural light throughout. The building benefits from a history of strong occupancy rates and high rental demand, providing steady income potential. Additionally, it has been optimized for low operating costs with separate PG&E meters and a partial Ratio Utility Billing System (RUBS) in place. Ideal for investors, this property offers long-term stability and an attractive return on investment due to its solid rental market and low expenses.
Features of 255 Channing Way
| MLS® # | 324073256 |
|---|---|
| Price | $5,600,000 |
| Bedrooms | 28 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 13,300 |
| Acres | 0.70 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 255 Channing Way |
|---|---|
| Area | San Rafael |
| City | San Rafael |
| County | Marin |
| State | CA |
| Zip Code | 94903-2617 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Carport |
| View | Mountain(s), Hills |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Individual |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | None |
|---|
Additional Information
| Date Listed | September 5th, 2024 |
|---|
Listing Details
| Agent | Michael B Johnston |
|---|---|
| Office | Berkshire Hathaway Drysdale Properties |