5-9 Hammondale Court

offered at

$1,200,000

3 Units

A delightful residential complex tucked away on a peaceful cul-de-sac off North Lincoln Avenue in San Rafael. This attractive property features three charming apartments, all elegantly remodeled with a modern touch, including brand new heating and air conditioning systems.

The convenience continues with covered carport parking and an on-site laundry facility, ensuring a hassle-free living experience. The spacious back yard provides a serene open space for tenants to relax and enjoy.

Constructed in 1962, the triplex is wood frame on a concrete perimeter foundation. Currently fully rented near the market, this property presents an excellent investment opportunity for a new owner.

LOCATION

Located at the North end of Lincoln Avenue on a side cul-de-sac. Easy freeway access and close to downtown San Rafael.

OVERVIEW

Built in 1952, this building was extensively remodeled by a previous owner including new heating and air conditioning. On-site laundry with owned equipment. Large back patio area for the tenant’s use.

Rents appear to be at market. New tenants pay pro-rata (RUBS) share of utilities. Older tenants are billed $20/mo.

PROPERTY DISCRIPTION

Age: 1952
Construction: Wood Frame over concrete perimeter foundation
Roof: Flat T&G
Parking: Three-car carport
Kitchen: gas stoves, remodeled from original
PG&E: Separate meters
Water and Trash: By owner with reimbursements
Electrical: Circuit breakers – Updated 1989, exterior location.
Water heaters: Individual
Laundry: one washer and dryer – owned.

SALE OVERVIEW

This property, due to loan encumbrances, must be sold either with or concurrent with the sale of 1 Hammondale, next door.

DIRECTIONS

The north end of Lincoln Avenue to Hammondale or from the north, take the Lincoln Avenue exit and you are there.

SHOWING

AND OFFERS

Drive by, but do not disturb tenants. Call with sufficient 48-hour advance notice for interior showings.

Offers as received.