Clay Court

Novato, CA 94949

For Sale $1,885,000

4,308sqft
0.21acre

Listing provided courtesy of:

John W Garrett

License #01421403

Marcus & Millichap Real Estate Investment Services, Inc.

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.

MLS Status: Active

On Market Date: 2025-01-17

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Clay Court is a Residential Income Quadruplex property located in Novato, California (Marin County), featuring a 0.209 acre lot, 4,308 sqft, MLS #325004477.

Based on information from one of the following Multiple Listing Services: BAREIS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Bay Area Real Estate Information Services, Inc. and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements.

Data last modified: 2025-01-18 01:33:47