2 Willow Ave
2 Unit Apartment Building $1,195,000 ($597,500/Unit) 5% Cap Rate Fairfax, CA 94930
INVESTMENT HIGHLIGHTS
- Kitchen Feature Butcher Block Counters
- Dryer Included, Inside Room, Washer Included, See Remarks
- Flooring; Bamboo, Carpet, Tile, and Wood
EXECUTIVE SUMMARY
Welcome to 2 Willow. ONE property - THREE excellent opportunities. Iconic structure since 1916, this property makes for the ideal owner-occupied, revenue-producing duplex, or it could be returned to a straight investment property or commercial. (CH) Zoning allows all sorts of future opportunities for a buyer. Double pane windows throughout. The spectacular proximity is balanced by quiet and peaceful living. The lower level provides convenient living with easy parking, patio space, 3rd potential bedroom, luxurious bath and spacious kitchen. New 3/4 inch Bamboo edge grain wood flooring and beautiful tile work bathroom provide the shine that occupants will appreciate. The upper level takes in the urban views and brightness that makes this location so special. The redwood forest backdrop in the living room, the hardwood floors and the high ceilings provide a wonderful combination of city Edwardian and contemporary luxury. New kitchen appliances, cabinets and counter, picturesque eating area, separate laundry, dining room with views, new windows, 3 bedrooms and closet/office space with natural light. Storage, rear patio, internal stairwell.
**Fairfax voters shot down an extreme rent control ordinance, so income residential is feeling better in that market.
PLEASE CONTACT JOE BURNS FOR MORE DETAILS AT: 415-450-8855
**Fairfax voters shot down an extreme rent control ordinance, so income residential is feeling better in that market.
PLEASE CONTACT JOE BURNS FOR MORE DETAILS AT: 415-450-8855
PROPERTY FACTS
| Price | $1,195,000 |
| Price Per Unit | $597,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.91/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+2 | 2 | - | 2,289 |
1 of 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (81)
ZONING
| Zoning Code | CH, Fairfax |
