Active

33 Clay Ct

Novato CA, 94949

$1,867,000


$468.62 per sqft

Active

8 Baths

3,984 sqft

Multi-family

Built in 1978

33 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The property is one of sixteen small apartment buildings in the community and has (4) 2-bedroom, 1.25-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. There is one apartment that is currently vacant providing a seamless owner-occupant opportunity. Otherwise, if fully rented it represents one of the best value apartment investments in Marin with an 11.7 gross rent multiple, and 5.49% Cap Rate. Don't miss this great opportunity.

325004497

MLS ID

January 17, 2025

Listed

January 18, 2025

Updated

Map

33 Clay Ct
Novato CA, 94949

Interior Features

Total Stories

2


Total Bathrooms

8


Full Bathrooms

4


Laundry Description

In Each Unit, Washer/Dryer Owned


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Other


Lot Features

Other


Sewer

Public Sewer

Other Property Details

Area Name

Novato


Association Fee

$1,427


Association Fee Frequency

Monthly


Association Amenities

Pool


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:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Greg Corvi | CA DRE# 01314816 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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