The Schlegel Group

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329-339 Olema RoadFairfax, CA 94930Price: $2,500,000

  • Price: $2,500,000
  • Est. Mortgage of $/month
  • 42 Days on Market
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Federal 30-year interest rate: 6.69% last updated on Dec 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,500,000List Price
  • 0.78Acreage
  • 8,568Square Feet
Listed by Michael J Burke of Golden Gate Sotheby's International Realty

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An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. 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. Three separate parcels; however, necessary easements for driveway, parking, utilities, etc between the properties still need to be created and recorded. Buyer to confirm with the County. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 range. Overall, the property seems to be in good condition, however, a neighboring property caused a mudslide above the middle upper duplex. While, we understand, the cause has been repaired, these two units remain empty and still need substantial repairs, as well as the hillside directly above. Three duplexes priced at $1,000,000 each with one discounted $500,000 for repairs needed. Properties being sold as a package for $2,500,000 AS IS. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit.

Property Details of 329-339 Olema Road

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Based on information submitted to CA_BAREIS as of December 10, 2024 10:39 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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