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The Alto Apartments

6 units - Mill Valley

IN CONTRACT

$3,200,000

Investment Overview

The Alto Apartments is a rare opportunity to acquire a clean 6-unit investment property in the charming Southern Marin community of Mill Valley just 6 miles north of the Golden Gate Bridge. Featuring six spacious two bedroom units walking distance to parks, schools, hiking, restaurants, shopping, and downtown Mill Valley, as well as easy access to Highway 101, it would be hard to imagine a better combination of fundamentals and location than this.


Priced at $3,200,000, below recent sales comparables, the starting cap rate of 4.02% grows to 5.8% at what are believed to be market rents, making the Alto Apartments a compelling buy for the long term real estate investor.

Property Details

Price

$3,200,000

Units

6

Unit Mix

6 - 2x1

Rentable SF

4960

Floors

2

Year Built

1959

Property Location

55 Roque Moraes Court, Mill Valley, CA, USA

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