23-25 Bayo Vista Way | 23 Bayo Vista Way
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23-25 Bayo Vista Way 23 Bayo Vista Way
2 Unit Apartment Building $2,119,118 CAD ($1,059,559 CAD/Unit) 3.31% Cap Rate San Rafael, CA 94901
Executive Summary
Fantastic opportunity to own a 2-unit income property in San Rafael's West End' neighborhood. Each unit enjoys private balconies and beautiful views overlooking Sun Valley. One unit will be delivered vacant. Rent both units or live in one unit and let the rent from the second unit help reduce your mortgage payment. Meticulously maintained, this property expresses true pride of ownership. Extensively renovated in 2016 with permits. Numerous upgrades include seismic retrofits (reinforced foundation, beams, and subfloors), a sewer lateral line replacement, insulation, dual-pane windows and sliding glass doors, drywall, hardwood floors, carport and concrete driveway. The kitchens and baths have been remodeled and the plumbing, electrical, and mechanical replaced throughout. The fully landscaped yards include irrigation and lighting on timers. Fully equipped with fire sprinklers, convenient laundry room, off-street (carport) parking, private storage units, and separate electric and gas meters. Close to downtown San Rafael, shopping, and public transportation. Don't let this incredible investment opportunity slip away. Schedule a showing today!
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$125,446
|
$59.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,446
|
$59.59
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$31,362
|
$14.90
|
| Net Operating Income |
$94,085
|
$44.70
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $125,446 |
| Annual Per SF | $59.59 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $125,446 |
| Annual Per SF | $59.59 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $31,362 |
| Annual Per SF | $14.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $94,085 |
| Annual Per SF | $44.70 |
Property Facts
| Price | $2,119,118 CAD | Apartment Style | Low Rise |
| Price Per Unit | $1,059,559 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 3.31% | Building Size | 2,105 SF |
| Gross Rent Multiplier | 20.07 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1963/2016 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,119,118 CAD |
| Price Per Unit | $1,059,559 CAD |
| Sale Type | Investment |
| Cap Rate | 3.31% |
| Gross Rent Multiplier | 20.07 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 2,105 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2016 |
| Parking Ratio | 0.95/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Kitchen
- Oven
- Tub/Shower
- Attic
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $4,500 CAD | 880 |
| 3+3 | 1 | $5,953 CAD | 1,225 |
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23-25 Bayo Vista Way | 23 Bayo Vista Way
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