Merrydale Meadows

Located in the desirable Los Ranchitos area of San Rafael, Merrydale Meadows is a rare 19-unit apartment investment built in 1998 by a prominent local builder. Consisting of a stellar unit mix of 15-2x2 townhomes and 4-1x1 units, Merrydale Meadows stands out as a well-designed and uniquely desirable rental community situated amongst mature landscaping on the level 0.79 acres parcel featuring spacious floor plans, in-unit laundry, covered parking and easy access to all that Marin County has to offer.

Competitively priced below recent comps at $6,850,000, Merrydale Meadows' starting cap rate of 5.19% grows to 7.31% at what are believed to be market rents, creating a clear path to strong financial performance for the foreseeable future.