DUPLEX - SAN RAFAEL
209 First Street, San Rafael, CA
Located on the edge of the Gerstle Park area, this duplex offers easy access to transportation and downtown San Rafael’s restaurants and shops.
The property was originally built in 1907 and seems in overall good condition. There are two units, one up and one at ground level with a one-car garage and a large fenced back yard area. The overall site is level, 2,250 sf. Assessor’s Parcel number 012-072-06.
The upstairs apartment is a 3BR/1BA plus dining room (6 room) floor plan of approximately 966 sf with wood floors in the living and dining areas and a fire place in the living room. There are two entrances; one front and one back, to the yard area below. The apartment has its own laundry facilities off the kitchen, forced air central heat and a separate hot water heater.
The lower apartment is a 2BR/1BA (4 room) floor plan of approximately 735 sf. It also has a separate laundry facility in a small utility room next to the entry. Heating is forced air and there is a separate hot water heater for this unit.
Long term tenants would love to stay. Apartments are separately metered for PG&E.
Upside in rental income. Current low rents: $2,000 and $1,575.