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Listed by Michael J Burke • Golden Gate Sotheby's International Realty • Golden Gate Sotheby's International Realty
Golden Gate Sotheby's International Realty
Golden Gate Sotheby's International Realty
$ 2,500,000
Est. payment /mo
Price Dropped by $940K
329 Olema RD #339 Fairfax, CA 94930
8,568 SqFt
UPDATED:
11/25/2024 02:57 PM
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $291
MLS Listing ID 324085978
HOA Y/N No
Year Built 1964
Lot Size 0.779 Acres
Property Description
An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. The property is located on .78 acres (33,927 sf) of land and features three spacious side-by-side duplexes with 3BR/1.5 BA townhouse units. Each apartment is 1,428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. Three separate parcels; however, necessary easements for driveway, parking, utilities, etc between the properties still need to be created and recorded. Buyer to confirm with the County. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 range. Overall, the property seems to be in good condition, however, a neighboring property caused a mudslide above the middle upper duplex. While, we understand, the cause has been repaired, these two units remain empty and still need substantial repairs, as well as the hillside directly above. Three duplexes priced at $1,000,000 each with one discounted $500,000 for repairs needed. Properties being sold as a package for $2,500,000 AS IS. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit.
Location
State CA
County Marin
Area Fairfax
Interior
Heating Central
Cooling None
Exterior
Parking Features Off Street, Uncovered
Garage Spaces 9.0
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Others
Special Listing Condition None
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