Property photo 1
56 photos
ActiveMLS# 4114549848 days on market

$3,000,000

301 Poplar St

Mill Valley, CA 94941

0 BD|0 BA|5,869 SQFT|$511.16/sqft

About This Property

MILL VALLEY … For-Sale ... Mixed-Use Building … Quaint, Tudor-Style Building with wonderful curb-appeal and good rent history – 6-miles to Muir Beach and less than a mile to Tam Junction. First time on the market since 1984 – this has been a terrific, family-managed rental property for the sellers and now it is time to pass it on to a new generation of owners. Excellent condition – well-maintained with lots of recent improvements, including sound-limiting between units. Upstairs you will find 5 apartments (two with 2-bedrooms and three with 1-bedroom). Downstairs are three spaces for retail / office / commercial (zoned General Commercial / Mixed Use). Next door to the Fire Station with good parking for Tenants and some visibility to Hwy-1 / Shoreline Hwy. Proforma Cap-Rates of 5.6% with current Tenants, or 7% Cap-Rates from HUD programs. Rent Roll and 3-Years of Financials are available - see Disclosure Package.

Property Details

Property TypeSingle Family
Year Built1961
Lot Size6,650 sqft
Price / Sqft$511.16
Days on Market48
MLS Number41145498

Adam Modzeleski

Broker

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Est. Monthly Payment

$18,045

P&I: $15,170 | Tax: $2,125 | Insurance: $750

$3,000,000
%
%
Loan Amount$2,400,000
Down Payment$600,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

301 Poplar St, Mill Valley, CA 94941

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