329-339 Olema Rd Fairfax, CA

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Olema Rd, Fairfax, Home For Sale

Price: $3,440,000
Address: 329-339 Olema Rd
City: Fairfax
State: CA
Zip:
Bathrooms: 1.5
Bedrooms: 10
Condition: Resale
Fee: No
Provided By: RealtyWW

Description:

This is an incredible Marin County investment opportunity in the unincorporated section of Fairfax, exempt from the Town's rental controls. The property is located on.78 acres (33, 927 sf) of land and features three spacious, side-by-side duplexes with 3BR, 1.5 BA townhouse units. Each apartment is 1, 428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. While the duplexes have their own APN, further investigation is needed to see if actual lot spits are available. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 plus range. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit. One of the duplexes experienced extesive damage from a mudslide. The AS IS asking price reflects a $560, 000 credit for repairs needed.

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