$1,174,990

About This Property

Featuring spectacular views, 111 Altena Street offers two 2-bedroom/1-bath units, perfect for investors seeking cash flow or owner-occupants looking to offset their mortgage with rental income. Seller financing available with a 10-year term and 4-year prepayment penalty. Interest rate and overall terms to be negotiated based on purchase price, down payment, buyer creditworthiness, and financial qualifications. Seller may offer financing at a rate competitive with, and potentially more favorable than, prevailing market rates depending on offer terms. Interest-only payments may be considered for up to 18 months. The property's hallmark is its sweeping, panoramic vistas of San Rafael Bay, the Richmond-San Rafael Bridge, East Bay hills, and Mount Diablo, providing a serene backdrop from sunrise to sunset. Lower Unit (Leased): 2BD/1BA with a private layout, dedicated sitting area to maximize the views, dedicated laundry, a private outdoor patio, and dedicated parking. Upstairs Unit (Owner-Occupant Potential): 2BD/1BA featuring a classic layout, cozy fireplace, view-focused sitting area, separate dining space, functional kitchen, dedicated laundry, private patio and valuable one-car garage with storage. This is a compelling chance to acquire an income-generating view property in a highly desirable San Rafael location. The property offers exceptional convenience, providing quick access to major thoroughfares for commuting toward San Francisco and across the Bay. Residents are moments from Marin's celebrated outdoor lifestyle, including waterfront strolling near Loch Lomond Marina and hiking at China Camp State Park, and are minutes away from the Bon Aire Shopping Center for daily needs. Buyer to verify all details including square footage, unit mix, and rental amounts.

Property Details

Listing Information

Listing Courtesy of: Elizabeth Xydas — Guide Real Estate
MLS# 242137043
Information is deemed reliable but not guaranteed. Posted under reciprocity agreement, BAREIS MLS.